increases investment levels. -- myopic loss aversion ; risk ; investment ; experiment …We examine in an experiment the causes, consequences and possible cures of myopic loss aversion (MLA) for investment … behaviour under risk. We find that both, investment horizons and feedback frequency contribute almost equally to the effects of …

during investment processes. This paper presents an alternate view on the drivers behind entrepreneurs’ risk-taking behavior …This paper presents evidence on the role of the endowment effect in shaping the risk-taking behavior of entrepreneurs …

between financial wealth and participation as well as conditional stock share. With respect to these investment behaviors and … to consumption pattern, assuming common preference parameters and the high historical equity risk premium, the results …

This chapter surveys the rapidly growing literature in which risk preferences are measured and manipulated in … laboratory and field experiments. The most commonly used measurement instruments are: an investment task for allocations between … menus. Applications involve using inferred risk preferences to document demographic effects, e.g. gender, and to explain the …

We report the results of a laboratory experiment testing for the existence of loss aversion in a standard risk aversion … protocol (Holt and Laury, 2002). In our experiment, participants earn and retain money for a week before using it in an … incentivized risk preference elicitation task. We find loss aversion, distinct from risk aversion, has a significant effect on …

This paper investigates how framing manipulations affect the quantity and quality of decisions. In a field experiment … answered questions - seek more risk - pupils in the Negative Treatment seem to increase the quality of answers - answer more …

psychological channels underlying such a bias is scarce. We present a laboratory experiment designed to investigate the sunk cost …-stage investment task in which an initial investment needs to be made to start a project. In the initial investment stage, the size of … the investment and the responsibility of the investor are exogenously varied. In the second investment stage, participants …