related to the disposition effect by separately tracking their trade-by-trade transaction histories over a period of close to … younger counterparts, exhibit a stronger disposition effect. The effect is also stronger among traders who trade financial … sees a stronger disposition effect. …

We experimentally investigate the existence of the disposition effect and loss aversion as its potential cause. Our …-specific reference prices; (iii) A direct test of loss aversion as a cause of the disposition effect. We find strong support for the … existence of the disposition effect as an independent hypothesis. This is an improvement over previous studies, which tested …

effects are important factors contributing to the phenomenon. The overconfidence effect seems to dominate the disposition … effect, especially in an up market. Moreover, the overconfidence investment behavior of institutional investors is the main …

We build a general equilibrium model to examine the implications of prospect theory for the disposition effect, asset … prices, and trading volume. Diminishing sensitivity predicts a disposition effect, price momentum, a reduced return …, there is a nontrivial range of preference parameters for prospect theory to simultaneously explain the disposition effect …

We examine whether investing experience can dampen the disposition effect, that is, the fact that investors seem to … decisions made by robot subjects. We find that though both human subjects show the disposition effect, the more experienced …

holding losing investments (the “disposition effect”), (3) are heavily influenced by limited attention and past return …

the effects of five well-documented behavioral biases—namely, the disposition effect, herd behavior, availability …