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The effect of investment and withdrawal horizons on myopic loss aversion

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  • Michael Guillemette
  • David Blanchett
  • Michael Finke

Abstract

Using unique survey data, we find that a longer investment horizon (6–10 years and 11+ years) reduces the likelihood of exhibiting myopic loss aversion (MLA) compared to an investment horizon of less than 2 years. In addition, we find that investors with higher levels of assets under management (AUM) are less likely to exhibit MLA compared to the lowest AUM quartile.

Suggested Citation

  • Michael Guillemette & David Blanchett & Michael Finke, 2019. "The effect of investment and withdrawal horizons on myopic loss aversion," Applied Economics Letters, Taylor & Francis Journals, vol. 26(10), pages 787-790, June.
    • Handle: RePEc:taf:apeclt:v:26:y:2019:i:10:p:787-790
    DOI: 10.1080/13504851.2018.1497840
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