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Myopic loss aversion: Information feedback vs. investment flexibility

  • Bellemare, Charles
  • Krause, Michaela
  • Kroger, Sabine
  • Zhang, Chendi

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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File URL: http://www.sciencedirect.com/science/article/B6V84-4G05M53-2/2/b4b6f4c8be28686b2808b979251d9ce4
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Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 87 (2005)
Issue (Month): 3 (June)
Pages: 319-324

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Handle: RePEc:eee:ecolet:v:87:y:2005:i:3:p:319-324
Contact details of provider: Web page: http://www.elsevier.com/locate/ecolet

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  1. Gneezy, U. & Potters, J.J.M., 1996. "An experiment on risk taking and evaluation periods," Discussion Paper 1996-61, Tilburg University, Center for Economic Research.
  2. 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.
  3. Benartzi, Shlomo & Thaler, Richard H, 1995. "Myopic Loss Aversion and the Equity Premium Puzzle," The Quarterly Journal of Economics, MIT Press, vol. 110(1), pages 73-92, February.
  4. repec:ner:tilbur:urn:nbn:nl:ui:12-73908 is not listed on IDEAS
  5. Langer, Thomas & Weber, Martin, 2003. "Does Binding of Feedback Influence Myopic Loss Aversion? An Experimental Analysis," CEPR Discussion Papers 4084, C.E.P.R. Discussion Papers.
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