In this paper we study by means of a framed field experiment on a representative sample of the population the effect on …

We study intertemporal choices through an experiment that elicits a subject's plan and then tracks its implementation …

Momentum strategies generate significant positive returns over long investment horizons; however these strategies …

relative to control participants. Overall, grit affects the quality of investment decisions. Ultimately, our results suggest …

Currency investors exhibit a tendency to cut risk by pairing both longs and shorts following losses and a weaker … tendency to add risk following gains. By differentiating between position level, portfolio level and aggregate cross …

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 …

. According to Shefrin and Statman [1993], framing and risk aversion can help justifying its attractiveness to investors. Applying … risk averse in the domain of gains will prefer a covered call position over a stock only position and that certain covered … call designs will be preferred despite identical cash flows. To date, the relationship between framing, risk aversion, and …