Search Results - subject:"disposition eﬀect"

Behavior in a simplified stock market: the status quo bias, the disposition effect and the ostrich effect

Brown, Alexander; Kagel, John - In: Annals of Finance 5 (2009) 1, pp. 1-14

Persistent link: https://www.econbiz.de/10005701357

How Do Decision Frames Influence the Stock Investment Choices of Individual Investors?

Kumar, Alok; Lim, Sonya Seongyeon - In: Management Science 54 (2008) 6, pp. 1052-1064

This study examines whether the framing mode (narrow versus broad) influences the stock investment decisions of individual investors. Motivated by the experimental evidence, which suggests that separate decisions are more likely to be narrowly framed than simultaneous decisions, we propose trade...

Persistent link: https://www.econbiz.de/10009214459

AGENT-BASED MODELING TO INVESTIGATE THE DISPOSITION EFFECT IN FINANCIAL MARKETS

Lin, Shi-Woei; Huang, Hui-Lung - In: Portuguese Journal of Management Studies XII (2007) 2, pp. 145-163

effect. Although most empirical studies have reported a significant disposition effect, researchers have yet to conduct a … behavior of the disposition effect. However, rational expectation such as short-term mean reversion can even be more decisive.. …One of the behavioral patterns that deviate from what is predicted by traditional financial theories is the disposition …

Persistent link: https://www.econbiz.de/10005169969

INVESTORS’ DECISION TO TRADE STOCKS – AN EXPERIMENTAL STUDY

Ben-Zion, Uri; Shafran, Sharon; SHAVIT, TAL - Economics Department, Ben Gurion University of the Negev - 2007

, behavioral biases, such as the disposition effect, suggest that subjects are affected by past performance of assets. In a series …

Persistent link: https://www.econbiz.de/10008587591

Up Close and Personal: Investor Sophistication and the Disposition Effect

Dhar, Ravi; Zhu, Ning - In: Management Science 52 (2006) 5, pp. 726-740

This paper analyzes the trading records of a major discount brokerage house to investigate the disposition effect, the …). In contrast to previous research that has demonstrated the disposition effect by aggregating across investors, our main … wealthier individuals and individuals employed in professional occupations exhibit a lower disposition effect. Consistent with …

Persistent link: https://www.econbiz.de/10009208478

Framing effects, selective information, and market behavior : an experimental analysis

Kirchler, Erich; Maciejovsky, Boris; Weber, Martin - In: The journal of behavioral finance : a publication of … 6 (2005) 2, pp. 90-100

Persistent link: https://www.econbiz.de/10003038906

Experts Online: An Analysis of Trading Activity in a Public Internet Chat Room

Mizrach, Bruce; Weerts, Susan - Department of Economics, Rutgers University-New Brunswick - 2004

We analyze the trading activity in an Internet chat room with approximately 1,300 participants. Traders make posts in real time about their activities. We find these traders are more skilled than retail investors analyzed in other studies. 55% make profits after transaction costs, and they earn...

Persistent link: https://www.econbiz.de/10005626678

Strategic trading against retail investors with disposition effects

Nam, Jouahn; Wang, Jun; Zhang, Ge - Department of Economics and Finance, College of … - 2004

In this paper, we study a model incorporating the retail trader’s reluctance to sell into losses. We show that in this setup the informed trader always buys the asset when he receives a favorable signal. However, when the informed trader receives an unfavorable signal, he may not always sell...

Persistent link: https://www.econbiz.de/10005761049

Disposition Matters: Volume, Volatility and Price Impact of Behavioural Bias

Goetzmann, William; Massa, Massimo - C.E.P.R. Discussion Papers - 2004

We test the market impact of the disposition effect. We rely on the Grinblatt and Han (2002) model and derive testable …

Persistent link: https://www.econbiz.de/10005791546

Framing effects, selective information and market behavior : an experimental analysis

Kirchler, Erich; Maciejovsky, Boris; Weber, Martin - 2004

Persistent link: https://www.econbiz.de/10002034871