Monitoring personal finances: Evidence that goal progress and regulatory focus influence when people check their balance
Author
Abstract
Suggested Citation
DOI: 10.1016/j.joep.2017.05.003
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Terrance Odean, 1998.
"Are Investors Reluctant to Realize Their Losses?,"
Journal of Finance,
American Finance Association, vol. 53(5), pages 1775-1798, October.
- Terrance Odean., 1996. "Are Investors Reluctant to Realize Their Losses?," Research Program in Finance Working Papers RPF-269, University of California at Berkeley.
- Shefrin, Hersh & Statman, Meir, 1985. "The Disposition to Sell Winners Too Early and Ride Losers Too Long: Theory and Evidence," Journal of Finance, American Finance Association, vol. 40(3), pages 777-790, July.
- Gherzi, Svetlana & Egan, Daniel & Stewart, Neil & Haisley, Emily & Ayton, Peter, 2014. "The meerkat effect: Personality and market returns affect investors’ portfolio monitoring behaviour," Journal of Economic Behavior & Organization, Elsevier, vol. 107(PB), pages 512-526.
- Niklas Karlsson & George Loewenstein & Duane Seppi, 2009. "The ostrich effect: Selective attention to information," Journal of Risk and Uncertainty, Springer, vol. 38(2), pages 95-115, April.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Gladstone, Joe J. & Jachimowicz, Jon M. & Greenberg, Adam Eric & Galinsky, Adam D., 2021. "Financial shame spirals: How shame intensifies financial hardship," Organizational Behavior and Human Decision Processes, Elsevier, vol. 167(C), pages 42-56.
- Delgado Fuentealba, Carlos L. & Muñoz Mendoza, Jorge A. & Sepúlveda Yelpo, Sandra M. & Veloso Ramos, Carmen L. & Fuentes-Solís, Rodrigo A., 2021. "Household debt, automatic bill payments and inattention: Theory and evidence," Journal of Economic Psychology, Elsevier, vol. 85(C).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Maier, Johannes K. & Fischer, Dominik S., 2021. "Decomposing the Disposition Effect," Rationality and Competition Discussion Paper Series 288, CRC TRR 190 Rationality and Competition.
- Dierick, Nicolas & Heyman, Dries & Inghelbrecht, Koen & Stieperaere, Hannes, 2019.
"Financial attention and the disposition effect,"
Journal of Economic Behavior & Organization, Elsevier, vol. 163(C), pages 190-217.
- Nicolas Dierick & Dries Heyman & Koen Inghelbrecht & Hannes Stieperaere, 2019. "Financial Attention And The Disposition Effect," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 19/967, Ghent University, Faculty of Economics and Business Administration.
- Johannes Maier & Dominik S. Fischer, 2021. "Decomposing the Disposition Effect," CESifo Working Paper Series 9334, CESifo.
- Francisco Gomes & Michael Haliassos & Tarun Ramadorai, 2021.
"Household Finance,"
Journal of Economic Literature, American Economic Association, vol. 59(3), pages 919-1000, September.
- Haliassos, Michael & Gomes, Francisco, 2020. "Household Finance," CEPR Discussion Papers 14502, C.E.P.R. Discussion Papers.
- Gomes, Francisco J. & Haliassos, Michael & Ramadorai, Tarun, 2020. "Household finance," IMFS Working Paper Series 138, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
- Bansal, Avijit & Jacob, Joshy, 2018. "Impact of Price Path on Disposition Bias," IIMA Working Papers WP 2018-10-01, Indian Institute of Management Ahmedabad, Research and Publication Department.
- Peiran Jiao & Heinrich H. Nax, 2016.
"When is Market the Benchmark? Reinforcement Evidence from Repurchase Decisions,"
Economics Papers
2016-W01, Economics Group, Nuffield College, University of Oxford.
- Heinrich H. Nax, 2016. "When is Market the Benchmark? Reinforcement Evidence from Repurchase Decisions," Economics Series Working Papers 781, University of Oxford, Department of Economics.
- Justin Birru & Fernando Chague, Rodrigo De-Losso, Bruno Giovannetti, 2019.
"Attention and Biases: Evidence from Tax-Inattentive Investors,"
Working Papers, Department of Economics
2019_48, University of São Paulo (FEA-USP).
- Birru, Justin & Chague, Fernando & De-Losso, Rodrigo & Giovannetti, Bruno Cara, 2020. "Attention and biases: evidence from tax-inattentive investors," Textos para discussão 523, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil).
- Birru, Justin & Chague, Fernando & De-Losso, Rodrigo & Giovannetti, Bruno, 2019. "Attention and Biases: Evidence from Tax-Inattentive Investors," Working Paper Series 2019-22, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
- Cary Frydman & Nicholas Barberis & Colin Camerer & Peter Bossaerts & Antonio Rangel, 2012. "Using Neural Data to Test a Theory of Investor Behavior: An Application to Realization Utility," NBER Working Papers 18562, National Bureau of Economic Research, Inc.
- Edika Quispe-Torreblanca & John Gathergood & George Loewenstein & Neil Stewart, 2020.
"Attention Utility: Evidence from Individual Investors,"
CESifo Working Paper Series
8091, CESifo.
- Edika Quispe-Torreblanca & John Gathergood & George Loewenstein & Neil Stewart, 2022. "Attention Utility: Evidence From Individual Investors," Discussion Papers 2022-19, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
- Qian Chen & Xiang Gao & Gangchen Liu, 2021. "Limited Attention and Post-Earnings Announcement Drift: Evidence from China s Stock Market," International Journal of Economics and Financial Issues, Econjournals, vol. 11(1), pages 1-17.
- Tianyang Wang & Robert G. Schwebach & Sriram V. Villupuram, 2022. "Reference point formation: Does the market whisper in the background?," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 45(2), pages 384-421, June.
- Shoji, Isao & Kanehiro, Sumei, 2016. "Disposition effect as a behavioral trading activity elicited by investors' different risk preferences," International Review of Financial Analysis, Elsevier, vol. 46(C), pages 104-112.
- Singal, Vijay & Xu, Zhaojin, 2011. "Selling winners, holding losers: Effect on fund flows and survival of disposition-prone mutual funds," Journal of Banking & Finance, Elsevier, vol. 35(10), pages 2704-2718, October.
- Lepone, Grace & Tian, Gary, 2020. "Usage of conditional orders and the disposition effect in the stock market," Pacific-Basin Finance Journal, Elsevier, vol. 61(C).
- Carolin Bock & Maximilian Schmidt, 2015. "Should I stay, or should I go? – How fund dynamics influence venture capital exit decisions," Review of Financial Economics, John Wiley & Sons, vol. 27(1), pages 68-82, November.
- Youki Kohsaka & Grzegorz Mardyla & Shinji Takenaka & Yoshiro Tsutsui, 2017.
"Disposition Effect and Diminishing Sensitivity: An Analysis Based on a Simulated Experimental Stock Market,"
Journal of Behavioral Finance, Taylor & Francis Journals, vol. 18(2), pages 189-201, April.
- Kohsaka Youki & Grzegorz Mardyla & Shinji Takenaka & Yoshiro Tsutsui, 2013. "Disposition Effect and Diminishing Sensitivity: An Analysis Based on a Simulated Experimental Stock Market," Discussion Papers in Economics and Business 13-02-Rev.2, Osaka University, Graduate School of Economics, revised Sep 2014.
- Markus Dertwinkel-Kalt & Jonas Frey, 2020. "Optimal Stopping in a Dynamic Salience Model," CESifo Working Paper Series 8496, CESifo.
- Min‐Hua Kuo & Shaw K. Chen, 2012. "Prospect theory and disposition patterns: evidence from Taiwan investors," Studies in Economics and Finance, Emerald Group Publishing Limited, vol. 29(1), pages 43-51, March.
- Cici, Gjergji, 2011. "The prevalence of the disposition effect in mutual funds' trades," CFR Working Papers 11-05 [rev.], University of Cologne, Centre for Financial Research (CFR).
- Ivkovic, Zoran & Weisbenner, Scott, 2009.
"Individual investor mutual fund flows,"
Journal of Financial Economics, Elsevier, vol. 92(2), pages 223-237, May.
- Zoran Ivkovich & Scott Weisbenner, 2008. "Individual Investor Mutual-Fund Flows," NBER Working Papers 14583, National Bureau of Economic Research, Inc.
More about this item
Keywords
Self-regulation; Goal; Monitor; Check; Personal finances; Regulatory focus;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:joepsy:v:62:y:2017:i:c:p:33-49. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/joep .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.