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This paper analyzes gender differences in the disposition effect in an experiment based on Weber and Camerer (1998 …
Persistent link: https://www.econbiz.de/10013062850
to show the results of an experiment conducted in Turkey how could affect behavior of subjects who were students in …
Persistent link: https://www.econbiz.de/10010460138
Persistent link: https://www.econbiz.de/10011959833
Loss aversion postulates that people prefer avoiding losses over acquiring gains of equal size. It is a central part of prospect theory and, according to Daniel Kahneman, "the most significant contribution of psychology to behavioral economics" (Kahneman, 2011, p. 300). It has powerful...
Persistent link: https://www.econbiz.de/10014451904
Loss aversion postulates that people prefer avoiding losses over acquiring gains of equal size. It is a central part of prospect theory and, according to Daniel Kahneman, “the most significant contribution of psychology to behavioral economics” (Kahneman, 2011, p. 300). It has powerful...
Persistent link: https://www.econbiz.de/10014487321
Persistent link: https://www.econbiz.de/10014202652
Evidence from an interactive experiment indicates that the tendency of users to anchor on one-sided disclosures of risk … (i.e., disclosing upside potential or downside risk, but not both) is robust to whether disclosures are determined …-sided risk disclosures are robust to a strategic environment, strategic agents can capitalize on these biases, extending the menu …
Persistent link: https://www.econbiz.de/10014031082
Higher order risk preferences are important determinants of economic behaviour. We apply behavioural insights to this … topic: we measure higher order risk preferences for pure gains and pure losses by controlling the reference point. We find a … reflection effect not only for second order risk preferences, as in Kahneman and Tversky 1979, but also for higher order risk …
Persistent link: https://www.econbiz.de/10011924804
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 … MLA. Longer investment horizons and less frequent feedback lead to higher investments. However, when given the choice …
Persistent link: https://www.econbiz.de/10005432667
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 … MLA. Longer investment horizons and less frequent feedback lead to higher investments. However, when given the choice …
Persistent link: https://www.econbiz.de/10005090568