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Loss aversion, overconfidence of investors and their impact on market performance evidence from the US stock markets

Bouteska, Ahmed; Regaieg, Boutheina - In: Journal of economics, finance & administrative science 25 (2020) 50, pp. 451-478

Purpose - The current study aims to investigate the impacts of two behavioral biases, namely, loss aversion and overconfidence on the performance of US companies. First, the impact of loss aversion on the economic performance of companies was assessed. Second, the impact of overconfidence on...

Persistent link: https://www.econbiz.de/10012434081

A Note on Myopic Loss Aversion and the Equity Premium Puzzle

Zeisberger, Stefan - 2011

In 1995, Benartzi and Thaler introduced the concept myopic loss aversion to explain the equity premium puzzle. They provided empirical evidence to support their arguments. Recently, Durand, et al. criticized this empirical analysis. They propose an approach which not only rejects the...

Persistent link: https://www.econbiz.de/10013134250

Diminishing marginal myopic loss aversion : a stress test on investment games experiments

Ponti, Giovanni; Tomás, Josefa - In: Journal of economic behavior & organization : JEBO 190 (2021), pp. 125-133

Persistent link: https://www.econbiz.de/10013184084

Loss aversion, survival and asset prices

Easley, David; Yang, Liyan - In: Journal of economic theory 160 (2015), pp. 494-516

Persistent link: https://www.econbiz.de/10011549545

Fundamental value trajectories and trader characteristics in an asset market experiment

Breaban, Adriana; Noussair, Charles - 2014

Persistent link: https://www.econbiz.de/10010387946

Asset Prices with Heterogeneous Loss Averse Investors

Curatola, Giuliano - 2012

market price of risk, stock return, and volatility. An economy populated with only loss-averse agents produces one counter …-factual property of asset price: the return volatility and the market price of risk are higher in good times than in bad times. The … coexistence of both loss-averse and risk-averse agents in the economy helps fixing this undesirable property and also explains the …

Persistent link: https://www.econbiz.de/10013104770

Loss Aversion, Survival and Asset Prices

Easley, David - 2016

This paper studies the wealth and pricing implications of loss aversion in the presence of arbitrageurs with Epstein-Zin preferences. Loss aversion affects an investor's survival prospects mainly through its effect on the investor's portfolio holdings. Loss-averse investors will be driven out of...

Persistent link: https://www.econbiz.de/10013008691

Anchoring effect, prospect value and stock return

Chen, Chun; He, Fangyi; Lin, Lei - In: International review of economics & finance : IREF 89 (2024) 1, pp. 1539-1556

Persistent link: https://www.econbiz.de/10014446638

The "tone effect" of news on investor beliefs : an experimental approach

Bosman, Ronald; Kräussl, Roman; Mirgorodskaya, Elizaveta - 2015 - This draft: March 2015

We investigate the effect of the tone of news on investor stock price expectations and beliefs. In an experimental study we ask subjects to estimate a future stock price for twelve real listed companies. As additional information we provide them with historical stock prices and extracts from...

Persistent link: https://www.econbiz.de/10011374037

Do investors overreact to COVID-19 outbreak? : an experimental study using sequential disclosures

Sulistiawan, Dedhy; Feliana, Yie Ke; Rudiawarni, … - In: Contemporary economics 17 (2023) 1, pp. 43-57

This paper aims to investigate market participants' reactions to sequential information, presenting firm-specific news and market-wide information. Experimental study takes place in the COVID-19 pandemic era, as market-wide information representation. We also provide firm-specific information in...

Persistent link: https://www.econbiz.de/10014281264