Myopic Loss Aversion : Information Feedback vs. Investment Flexibility

We experimentally disentangle the effect of information feedback from the effect of investment flexibility on the investment behavior of a myopically loss averse investor.Our findings show that varying the information condition alone suffices to induce behavior that is in line with the hypothesis of Myopic Loss Aversion.

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Year of publication:	2004
Authors:	Bellemare, C. ; Krause, M. ; Kroger, S. ; Zhang, C.
Institutions:	Tilburg University, Center for Economic Research
Subject:	information \| investment

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Extent:	application/pdf
Series:	Discussion Paper.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series CentER Discussion Paper Number 2004-32
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty ; C91 - Laboratory, Individual Behavior
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011091408