Search Results - subject:"disposition eﬀect"

Debiasing the disposition effect by reducing the saliency of information about a stock's purchase price

Frydman, Cary; Rangel, Antonio - In: Journal of economic behavior & organization : JEBO 107 (2014) 2, pp. 541-552

Persistent link: https://www.econbiz.de/10011295913

Do investors hold that they know? : impact of familiarity bias on investor's reluctance to realize losses ; experimental approach

Bulipopova, Ekaterina; Zhdanov, Vladislav; Simonov, Artem - In: Finance research letters 11 (2014) 4, pp. 463-469

Persistent link: https://www.econbiz.de/10011300429

The impact of the disposition effect on asset prices : insight from the NBA

Borghesi, Richard - In: Journal of economics and finance 38 (2014) 4, pp. 698-711

Persistent link: https://www.econbiz.de/10011333813

Letting go of your losses : experimental evidence for debiasing the disposition effect in private investment decisions

Döbrich, Christoph; Stumpf-Wollersheim, Jutta; … - In: Journal of management and strategy : JMS 5 (2014) 4, pp. 1-13

Persistent link: https://www.econbiz.de/10010440670

Does the consciousness of the disposition effect increase the equity premium?

Roger, Patrick - Laboratoire de Recherche en Gestion (LaRGE), Institut … - 2007

The disposition effect is a well established phenomenon in the empirical and experimental financial literature. It … disposition effect by investors lead them to require a greater risk premium to invest in stocks (when compared to rational …

Persistent link: https://www.econbiz.de/10005727887

The as-is journal review process: Let authors own their ideas

Torgler, Benno; Schmidt, Sascha L.; Frey, Bruno S. - Institut für Volkswirtschaftslehre, … - 2006

In this paper we present a two period model, where the agent's preferences are described by prospect theory as proposed by Kahneman and Tversky. We solve for the agent's portfolio decision. Our findings are that the changes in portfolio weights depend crucially on the reference point and the...

Persistent link: https://www.econbiz.de/10005040821

Does Prospect Theory Explain the Disposition Effect?

Hens, Thorsten; Vlcek, Martin - Institut für Volkswirtschaftslehre, … - 2006

standard explanation of the disposition effect refers to prospect theory and in particular to the asymmetric risk aversion … reasonable parameter values the disposition effect can however not be explained by prospect theory as proposed by Kahneman and …

Persistent link: https://www.econbiz.de/10005627968

Capital gains, illiquidity, and stock returns

Lei, Xiaoyan; Zhou, Yuegang; Zhu, Xiaoneng - In: Pacific-Basin Finance Journal 25 (2013) C, pp. 273-293

robust when we distinguish stock liquidity from unexpected liquidity. Our findings are consistent with the disposition effect …

Persistent link: https://www.econbiz.de/10010729578

ANALYSIS OF THE DISPOSITION EFFECT: ASYMMETRY AND PREDICTION ACCURACY

Teschner, Florian - In: Journal of Prediction Markets 7 (2013) 1, pp. 27-42

The disposition effect describes investors’ common tendency of selling a winning investment too soon and holding on to … losing investments too long. We analyze the disposition effect in a prediction market for economic indices. We show that the … disposition effect. The effect can almost exclusively be attributed to the percentage of gains realized (PGR). Additionally we …

Persistent link: https://www.econbiz.de/10010798241

Disposition Effect and Loss Aversion: An Analysis Based on a Simulated Experimental Stock Market

Youki, Kohsaka; Mardyla, Grzegorz; Takenaka, Shinji; … - Graduate School of Economics, Osaka University - 2013

We experimentally investigate the existence of and possible origin of the disposition effect. Our approach has three … effect. Our results indicate both the existence of the disposition effect as well as prospect theoryfs loss aversion being … participantfs reference point. This, in effect, allowed us to verify an independent hypothesis of the existence of the disposition …

Persistent link: https://www.econbiz.de/10010837097