We show that the disposition effect-the tendency of investors to hold losers and sell winners-can be a source of … disposition effect leads to overconfidence and examine model implications for investors' trading behavior and expected profit. …

- the disposition effect. We use trade data from the NASDAQ Copenhagen Stock Exchange merged with the weather data. We find … that on average, the disposition effect for human traders is substantial and increases significantly on colder days, while … link between human psychology and the disposition effect and suggests that algorithms can reduce psychology-related human …

- the disposition effect. We use trade data from the NASDAQ Copenhagen Stock Exchange merged with the weather data. We find … that on average, the disposition effect for human traders is substantial and increases significantly on colder days, while … link between human psychology and the disposition effect and suggests that algorithms can reduce psychology-related human …