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No myopic loss aversion in adolescents? – An experimental note

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Author Info

  • Daniela Glätzle-Rützler

    ()

  • Matthias Sutter

    ()

  • Achim Zeileis

    ()

Abstract

Myopic loss aversion (MLA) has been found to play a persistent role for investment behavior under risk. We study whether MLA is already present during adolescence. Quite surprisingly, we find no evidence of MLA in a sample of 755 adolescents. This finding is at odds with previous findings, and it might be explained by self-selection effects. In other dimensions, however, we are able to replicate stylized findings in our pool of adolescents, such that teams invest higher amounts than individuals and that women invest less than men.

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File URL: http://eeecon.uibk.ac.at/wopec2/repec/inn/wpaper/2013-07.pdf
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Bibliographic Info

Paper provided by Faculty of Economics and Statistics, University of Innsbruck in its series Working Papers with number 2013-07.

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Length: 27
Date of creation: Mar 2013
Date of revision:
Handle: RePEc:inn:wpaper:2013-07

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Keywords: myopic loss aversion; experiment; adolescents; team-decision making;

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References

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Cited by:
  1. Alexander Klos, 2013. "Myopic loss aversion: Potential causes of replication failures," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 8(5), pages 617-629, September.

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