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Myopic Loss Aversion under Ambiguity and Gender Effects. [PDF]
PLoS ONE, 2016 Experimental evidence suggests that the frequency with which individuals get feedback information on their investments has an effect on their risk-taking behavior.
Iñigo Iturbe-Ormaetxe +2 more
doaj +9 more sources
Causes, consequences, and cures of myopic loss aversion - An experimental investigation [PDF]
The Economic Journal, 2005 Myopic loss aversion (MLA) has been established as one prominent explanation for the equity premium puzzle. In this paper we address two issues related to the effects of MLA on risky investment decisions.
Fellner, Gerlinde, Sutter, Matthias
core +22 more sources
Myopic Loss Aversion: Information Feedback vs. Investment Flexibility [PDF]
SSRN Electronic Journal, 2004 We experimentally disentangle the effect of information feedback from the effect of investment flexibility on the investment behavior of a myopically loss averse investor.Our findings show that varying the information condition alone suffices to induce ...
Bellemare, C. +3 more
core +7 more sources
Myopic loss aversion: Potential causes of replication failures [PDF]
Judgment and Decision Making, 2013 This paper presents two studies on narrow bracketing and myopic loss aversion. The first study shows that the tendency to segregate multiple gambles is eliminated if subjects face a certainty equivalent or a probability equivalent task instead of a ...
Alexander Klos
doaj +5 more sources
Myopic loss aversion, disappointment aversion, and the equity premium puzzle [PDF]
SSRN Electronic Journal, 2003 This paper takes a close look at the 'behavioural finance' explanations of the equity premium puzzle, namely myopic loss aversion (Benartzi and Thaler, 1995) and disappointment aversion (Ang, Bekaert and Liu, 2000).
Fielding, David, Stracca, Livio
core +3 more sources
Myopic Loss Aversion and the Equity Premium Puzzle [PDF]
The Quarterly Journal of Economics, 1995 The equity premium puzzle, first documented by Mehra and Prescott, refers to the empirical fact that stocks have greatly outperformed bonds over the last century.
Richard H. Thaler, Shlomo Benartzi
core +2 more sources
Debiasing through experience sampling: The case of myopic loss aversion
Journal of Economic Behavior and Organization, 2022 We introduce a training intervention based on a novel tool to mitigate behavior consistent with myopic loss aversion (MLA). We present the results of a large-scale online experiment with 894 student participants. The study featured a two-step debiasing training intervention based on experience sampling and a subsequent elicitation of MLA. We found that
René Schwaiger
exaly +3 more sources
Theory and Decision, 2010 For loss averse investors, a sequence of risky investments looks less attractive if it is evaluated myopically—an effect called myopic loss aversion (MLA). The consequences of this effect have been confirmed in several experiments and its robustness is largely undisputed.
Stefan Zeisberger +2 more
exaly +3 more sources
Does binding or feedback influence myopic loss aversion : an experimental analysis [PDF]
Journal of Economic Behavior & Organization, 2003 Empirical research has shown that a lower feedback frequency combined with a longer bind-ing period decreases myopia and thereby increases the willingness to invest into a risky asset. In an experimental study, we disentangle the intertwined manipulation
Langer, Thomas, Weber, Martin
core +9 more sources
Myopic Loss Aversion, Asymmetric Correlations, and the Home Bias [PDF]
, 2004 Myopic loss aversion has been used to explain why a high equity premium might be consistent with plausible levels of risk aversion. The intuition is that it plays the role of high risk aversion in portfolio choice.
Carlos Viana de Carvalho +1 more
core +1 more source