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 …

paper we address two issues related to the effects of MLA on risky investment decisions. First, we assess the relative … impact of feedback frequency and investment flexibility (via the investment horizon) on risky investments. Second, given that … we observe higher investments with a longer investment horizon, we examine conditions under which investors might …

paper we address two issues related to the effects of MLA on risky investment decisions. First, we assess the relative … impact of feedback frequency and investment flexibility (via the investment horizon) on risky investments. Second, given that … we observe higher investments with a longer investment horizon, we examine conditions under which investors might …

increases investment levels. -- myopic loss aversion ; risk ; investment ; experiment …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 …

Narrow bracketing in combination with loss aversion has been shown to reduce individual risk-taking. This is known as … investment environments, we systematically modified the seminal study design by Gneezy and Potters (1997) to include five key … adjustments. These involved realistic, down-scaled returns, return compounding, and extended investment horizons. Contrary to some …

We present results from a highly powered online experiment with 937 participants on Amazon Mechanical Turk (MTurk) that … examined whether MTurkers exhibit myopic loss aversion (MLA). The experiment consisted of measuring MLA-compliant behavior in … two between-subjects treatments that differed only regarding the risk profile of the risky asset employed. We found no …

experiment to compare the betting behavior under the information feedback frequency and investment flexibility. According to the …The prospect theory proposed by (Kahneman and Tversky, 1979) stated that people are risk-averse when faced with profits … and risk-loving when faced with loss. Benartzi and Thaler (1995) combined the Myopic Loss Aversion and Mental Accounting …

investment decisions, but obtain help from financial investment advisors on how to allocate their wealth. The preferences and … choices of financial advisors are thus important for understanding investment behavior. In this paper we make use of 50 …

paper we address two issues related to the effects of MLA on risky investment decisions. First, we assess the relative … impact of feedback frequency and investment flexibility (via the investment horizon) on risky investments. Second, given that … we observe higher investments with a longer investment horizon, we examine conditions under which investors might …