Results 11 to 20 of about 9,674,565 (291)
Measuring the disposition effect [PDF]
Journal of Behavioral and Experimental Finance, 2020 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
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Culture and the disposition effect [PDF]
Economics Letters, 2019 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
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Disposition effect and gender [PDF]
Applied Economics Letters, 2008 Investors seem to hold on to their losing stocks to a greater extent than they hold on to their winning stocks. This well-documented behavioural regularity is termed disposition effect (Shefrin and Statman, 1985). We set an experiment to replicate results from a previous study of the disposition effect (Weber and Camerer, 1998) and further show that a ...
Newton, Da Costa Jr +2 more
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What drives the disposition effect? [PDF]
, 2001 Why do some investors tend to ''sell winners too early and ride losers too long''? Such behavior, labeled the disposition effect, has been attributed to biases in return expectations, time-varying risk-aversion based on the value function of prospect theory, and regret theory.
Zuchel, Heiko
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Behavioral Bias, Abnormal Volume, and Abnormal Return [PDF]
Journal of Asset Management and Financing, 2019 Objectives: This research evaluates the effects of overconfidence, disposition effect and investors’ attention on the abnormal volume and abnormal returns of stocks through Interruption in independent variables.
Mohammad Osoolian, Mozhgan Bazchi
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The exploration of disposition effect among business undergraduates in Poland
Copernican Journal of Finance & Accounting, 2015 In this article the author attempts to explore the phenomena of disposition effect among Polish undergraduate students. The study shows that under experimental conditions participants do show disposition “to sell winners too early and ride losers too ...
Monika Czerwonka
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Studying the Overconfidence and Representativeness Biases of Individual Investors in Tehran Stock Exchange [PDF]
تحقیقات مالی, 2019 Objective: This research examines the overconfidence, representativeness and disposition effect biases among individual investors of the Tehran Stock Exchange.
Naser Jamshidi +2 more
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Does Property Return Affect Seller Behavior? An Empirical Study of China’s Real Estate Market
Behavioral Sciences, 2023 This paper examines the relationship between property return and seller behavior and aims to test the disposition effect in China’s real estate market. Using transaction data in Beijing, we find that loss properties have a lower sell propensity relative ...
Hongfei Li, Limin Liang, Chengjiu Sun
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The Disposition Effect in Mutual Funds: Evidence from Iran [PDF]
تحقیقات مالی, 2021 Objective: The disposition effect refers to the tendency of selling stocks that have appreciated at price and holding stocks whose price is lower than the purchase price.
Ali Ebrahim Nejad +2 more
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Disposition Effect among brazilian equity fund managers [PDF]
RAE: Revista de Administração de Empresas, 2015 The disposition effect predicts that investors tend to sell winning stocks too soon and ride losing stocks too long. Despite the wide range of research evidence about this issue, the reasons that lead investors to act this way are still subject to much ...
Eduardo Pozzi Lucchesi +2 more
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