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No myopic loss aversion in adolescents? � An experimental note

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  • Daniela Gl�tzle-R�tzler

    ()

  • Matthias Sutter

    ()

  • Achim Zeileis

    ()

Abstract

Myopic loss aversion (MLA) has been found to play a persistent role for investment behavior under risk. We study whether MLA is already present during adolescence. Quite surprisingly, we find no evidence of MLA in a sample of 755 adolescents. This finding is at odds with previous findings, and it might be explained by self-selection effects. In other dimensions, however, we are able to replicate stylized findings in our pool of adolescents, such that teams invest higher amounts than individuals and that women invest less than men.

Suggested Citation

  • Daniela Gl�tzle-R�tzler & Matthias Sutter & Achim Zeileis, 2013. "No myopic loss aversion in adolescents? � An experimental note," Working Papers 2013-07, Faculty of Economics and Statistics, University of Innsbruck.
  • Handle: RePEc:inn:wpaper:2013-07
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    References listed on IDEAS

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    Cited by:

    1. Alexander Klos, 2013. "Myopic loss aversion: Potential causes of replication failures," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 8(5), pages 617-629, September.

    More about this item

    Keywords

    myopic loss aversion; experiment; adolescents; team-decision making;

    JEL classification:

    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles

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