, negative accounting biases, instead of counteracting positive managerial bias, act to further reduce disclosure, and thus the … supply of timely infor-mation to capital markets. Consequently, we find that freedom from bias, both in managerial judgment …

The endowment effect, status quo bias, and loss aversion are robust and well documented results from experimental … for the endowment effect, status quo bias and loss aversion as well as psychology-based explanations proposed in the past …. -- endowment effect ; status quo bias ; loss aversion ; asymmetric information ; bid/ask spread …