This paper examines the relationship between the disposition effect and personality traits and aims to find an … significant willingness to pay for it. Furthermore, we do not see any influence of personality on the disposition effect. Our …

This paper examines whether momentum drives the disposition effect and vice versa in the US stock market. The results … from the analysis of the Fama-Macbethregressions show that the disposition effect drives momentum but not the other way … around. Furthermore, we find that this relationship varies over time. Along with the disposition effect, size also has an …

or divorce of their parents during childhood exhibit a stronger disposition effect, take lower risk, and are more likely …

The disposition effect is implicitly assumed to be constant over time. However, drivers of the disposition effect … periods (2001-2015). We show that the disposition effect is countercyclical, i.e. is higher in bust than in boom periods. Our …

investors' behavioral biases. We study the well-documented disposition effect, which reflects investors' greater propensity to … (i.e., mitigates) investors' disposition effect. This relationship is mediated by two simultaneous (indirect) effects … reduce the disposition effect, but they decrease investors' propensity to seek advice, which offsets the positive (indirect …

We theoretically show that there is a fundamental disconnect be- tween the disposition effect, i.e., investors … difference between the proportion of gains and losses re- alized. While its common measure cannot identify the disposition effect …

We theoretically show that there is a fundamental disconnect between the disposition effect, i.e., investors' tendency … difference between the proportion of gains and losses realized. While its common measure cannot identify the disposition effect …

We theoretically show that there is a fundamental disconnect between the disposition effect, i.e., investors’ tendency … difference between the proportion of gains and losses realized. While its common measure cannot identify the disposition effect …