financial markets (disposition effect, under- and overreaction phenomena and so on). Our general theoretical framework uses both …

on the disposition effect among direct stockholders and performance sensitivity among mutual fund investors. When …

, a behavioural bias dubbed the disposition effect. We examine a comprehensive data set comprised of trading records for … previous studies, we find that the disposition effect exists for not only individuals, but alsofor institutions. We conclude … trading experience and the disposition effect. Both individuals and institutions exhibit learning effects over time, with the …

This paper studies the prevalence of the disposition effect in individual traders in the Australian equities market. In … retail brokerage. However, the disposition effect is more prevalent in investors of Chinese background, as well as women and … older investors. Further, other behavioural biases are found to be predictors of the disposition effect, including frequent …

This paper uses investor-level data to examine jointly the tendency of investors to succumb to the disposition effect … effect moderates the disposition effect, suggesting that cognitive biases need not always have negative consequences. …

proposed by Grinblatt and Han (2005) can be applied to analyzing the relationship between the disposition effect and momentum … evidence that the momentum effect in the Chinese stock market is not driven by the disposition effect, contradicting the … the Chinese stock market, and shows the differences in the relationship between disposition effect and momentum between …

, overconfidence, excessive optimism (pessimism), herd behavior and the disposition effect. It further investigates the role of …