Buying Winners While Holding on to Losers : An Experimental Study of Investors’ Behavior

This paper presents the results of an experimental study aimed to understand how the past stock performance affects investor's desire to buy or sell the stock. It shows that people prefer to buy stocks that performed well in the past. However, when investors must sell one of the stocks they already own, their desire to have their funds invested into the past winner significantly diminishes, which may be due to their reluctance to realize their losses

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Year of publication:	2010
Authors:	Dodonova, Anna
Other Persons:	Khoroshilov, Yuri (contributor)
Publisher:	[2010]: [S.l.] : SSRN
Subject:	Experiment \| Anlageverhalten \| Behavioural finance \| Portfolio-Management \| Portfolio selection

Extent:	1 Online-Ressource (8 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Economics Bulletin, Vol. 7, No. 8, pp. 1-8, 2007 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 18, 2007 erstellt
Classification:	G11 - Portfolio Choice
Source:	ECONIS - Online Catalogue of the ZBW

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