Eriksen, Kristoffer; Kvaløy, Ola - In: Financial Markets and Portfolio Management 24 (2010) 2, pp. 159-170
Myopic loss aversion (MLA) has been proposed as an explanation for the equity premium puzzle, and a number of experiments on students indicate that people do exhibit MLA. However, many people do not rely on their own judgment when making investment decisions, but obtain help from financial...