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Does loss aversion explain dollar-cost averaging?

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  • Leggio, Karyl B.
  • Lien, Donald

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  • Leggio, Karyl B. & Lien, Donald, 2001. "Does loss aversion explain dollar-cost averaging?," Financial Services Review, Elsevier, vol. 10(1-4), pages 117-127.
  • Handle: RePEc:eee:finser:v:10:y:2001:i:1-4:p:117-127
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    References listed on IDEAS

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    1. Tversky, Amos & Kahneman, Daniel, 1992. "Advances in Prospect Theory: Cumulative Representation of Uncertainty," Journal of Risk and Uncertainty, Springer, vol. 5(4), pages 297-323, October.
    2. Harry Markowitz, 1952. "The Utility of Wealth," Journal of Political Economy, University of Chicago Press, vol. 60, pages 151-151.
    3. Knight, John R. & Mandell, Lewis, 1992. "Nobody gains from dollar cost averaging analytical, numerical and empirical results," Financial Services Review, Elsevier, vol. 2(1), pages 51-61.
    4. Constantinides, George M., 1979. "A Note on the Suboptimality of Dollar-Cost Averaging as an Investment Policy," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 14(02), pages 443-450, June.
    5. Vora, Premal P. & McGinnis, John D., 2000. "The asset allocation decision in retirement: lessons from dollar-cost averaging," Financial Services Review, Elsevier, vol. 9(1), pages 47-63, 00.
    6. Tversky, Amos & Kahneman, Daniel, 1986. "Rational Choice and the Framing of Decisions," The Journal of Business, University of Chicago Press, vol. 59(4), pages 251-278, October.
    7. Gordon Pye, 1971. "Minimax Policies for Selling an Asset and Dollar Averaging," Management Science, INFORMS, vol. 17(7), pages 379-393, March.
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    Cited by:

    1. Karyl Leggio & Donald Lien, 2003. "An empirical examination of the effectiveness of dollar-cost averaging using downside risk performance measures," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 27(2), pages 211-223, June.
    2. Zvika Afik, 2015. "Do not put all your eggs in one (time) basket," Financial Markets and Portfolio Management, Springer;Swiss Society for Financial Market Research, vol. 29(3), pages 251-269, August.
    3. repec:ods:journl:v:7:y:2018:i:1:p:1-14 is not listed on IDEAS

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