This paper evaluates potential methods for reducing ambiguity surrounding returns on equity to improve financial decision making related to retirement planning. We first assess the degree of ambiguity aversion exhibited by individuals in the sample population as they decide between a risky...

According to the behavioral concept of myopic loss aversion (MLA), investors are more willing to take risks if they are less frequently informed about their portfolio performance. This prediction of MLA has been confirmed in various experimental studies and the conclusion has been drawn that...

For loss averse investors, a sequence of risky investments looks less attractive if it is evaluated myopically — an effect called myopic loss aversion (MLA). The consequences of this effect have been confirmed in several experiments and its robustness is largely undisputed. The effect's...