Myopic loss aversion: Information feedback vs. investment flexibility
We experimentally disentangle the effect of information feedback from the effect of investment flexibility on the investment behavior of a myopically loss averse investor.Our findings show that varying the information condition alone suffices to induce behavior that is in line with the hypothesis of Myopic Loss Aversion.
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- Langer, Thomas & Weber, Martin, 2003.
"Does binding or feedback influence myopic loss aversion : an experimental analysis,"
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- Uri Gneezy & Jan Potters, 1997.
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"Evaluation Periods and Assett Prices in a Market Experiment,"
02-02, RAND Corporation.
- Uri Gneezy & Arie Kapteyn & Jan Potters, 2003. "Evaluation Periods and Asset Prices in a Market Experiment," Journal of Finance, American Finance Association, vol. 58(2), pages 821-838, 04.
- Gneezy, U. & Kapteyn, A. & Potters, J.J.M., 2002. "Evaluation Periods and Asset Prices in a Market Experiment," Discussion Paper 2002-8, Tilburg University, Center for Economic Research.
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