Psychophysiological correlates of the disposition effect. [PDF]
We assess the psychophysiological characteristics underlying the disposition effect and find that subjects showing greater disposition effect are those who sweat more and present lower body temperature and heart rate.
Marco Goulart +4 more
doaj +8 more sources
Corporate transparency and the disposition effect [PDF]
The disposition effect describes investors’ irrational behavior of selling profitable assets too soon while holding onto losing assets for too long. This study examines the impact of transparency at the firm level on the disposition effect of individual ...
Siliu Chen, Fei Ren
doaj +6 more sources
When the disposition effect proves to be rational: Experimental evidence from professional traders [PDF]
The disposition effect is a behavioural finance anomaly that has been observed in many populations including non-professional investors as well as professional investors and has been linked to reduced trading performance. However, the majority of studies
Benno Guenther, Grace Lordan
doaj +2 more sources
Decomposing the Disposition Effect [PDF]
Disposition Effect, Rational Benchmark, Investor Behavior, Behavioral Biases, Market Segments, Financial Attention, Information ...
Maier, Johannes K. +1 more
openaire +4 more sources
Measuring the disposition effect [PDF]
Despite hundreds of papers confirming the existence of the disposition effect, too little attention has been devoted to the prevailing arguments on the choice of a given method to measure it. This paper fills this gap and compares different measurement approaches. First, based on empirical and simulation-based data, I show how results may differ across
Rudy De Winne, De Winne, Rudy
openaire +4 more sources
Financial Self-Efficacy and Disposition Effect in Investors: The Mediating Role of Versatile Cognitive Style [PDF]
The disposition effect refers to the tendency of investors to sell winners too early and hold on to losers too long, which is one of the most documented and robust decision biases. However, few studies have looked beyond demographic and social factors on
Song Tang +5 more
doaj +2 more sources
Could social interaction reduce the disposition effect? Evidence from retail investors in a directed social trading network. [PDF]
With data collected from a directed social trading network, this paper investigates how social interaction affects the disposition effect. We constantly observe a negative association between them: After being exposed to social interaction, a trader's ...
Xuejun Jin, Rui Li, Yu Zhu
doaj +2 more sources
Disposition effect, demographics and risk taking [PDF]
Purpose – This study aims to investigate the association of demographic characteristics, market conditions and risk taking with the disposition effect using data on Brazilian individual investors.
Mariana Oreng +2 more
doaj +2 more sources
Does social media information affect individual investor disposition effect? Evidence from Xueqiu. [PDF]
The irrational behavior of investors selling profitable assets too early while holding onto losing assets for too long is known as the disposition effect.
Siliu Chen, Fei Ren
doaj +2 more sources
Culture and the disposition effect [PDF]
We study the relationship between national culture and the disposition effect by investigating international differences in the degree of investors' disposition effect. We utilize brokerage data of 387,993 traders from 83 countries and find great variation in the degree of the disposition effect across the world. We find that the cultural dimensions of
Breitmayer, Bastian +2 more
openaire +5 more sources

