Results 101 to 110 of about 317 (132)
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Myopic Loss Aversion in Brazilian Open Retirement Funds
Latin American Business Review, 2008ABSTRACT This paper analyzes the relationship between withdrawals from Brazilian open retirement funds, portfolio composition (fixed income or equity) and frequency of statement sending (monthly, quarterly, semiannually or annually). Our results indicate that equity retirement plans present a lower withdrawal index when compared to that of fixed income
Eduardo F. L. de Melo +1 more
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Do financial advisors exhibit myopic loss aversion?
Financial Markets and Portfolio Management, 2009Myopic loss aversion (MLA) has been proposed as an explanation for the equity premium puzzle, and a number of experiments on students indicate that people do exhibit MLA. However, many people do not rely on their own judgment when making investment decisions, but obtain help from financial investment advisors on how to allocate their wealth.
Ola Kvaløy
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Limits to Myopic loss aversion and learning
Economics Letters, 2023zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Marcleiton Ribeiro Morais +3 more
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Executives’ financial experience and myopic marketing management: A myopic loss-aversion perspective
Journal of Business Research, 2023exaly +2 more sources
Myopic loss aversion and market experience
Journal of Economic Behavior & Organization, 2014Abstract We probe the boundaries of myopic loss aversion (MLA) theory through market treatments designed to reduce the MLA effect. Our market settings separate investment commitment from information frequency, display a running average asset value and explore the influence of participant experience.
Brian W. Mayhew, Adam Vitalis
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Myopic prospect theory vs. myopic loss aversion: how general is the phenomenon?
Journal of Economic Behavior & Organization, 2005Abstract Individuals often act myopically in evaluating sequences of investment opportunities. For loss averse decision makers, myopia causes the sequence to look less attractive and might result in rejecting an investment program that would have been accepted otherwise.
Langer, Thomas, Weber, Martin
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The effect of investment and withdrawal horizons on myopic loss aversion
Applied Economics Letters, 2018Using 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 le...
Michael Guillemette +2 more
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A note on myopic loss aversion and the equity premium puzzle
Finance Research Letters, 2007Abstract In 1995, Benartzi and Thaler introduced the concept myopic loss aversion to explain the equity premium puzzle. They provided empirical evidence to support their arguments. Recently, Durand et al. criticized this empirical analysis. They propose an approach which not only rejects the significance of the earlier findings but also suggests a ...
Stefan Zeisberger +2 more
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Myopic Loss Aversion: An Alternative Explanation of the Momentum Premium
SSRN Electronic Journal, 2015Returns to both traditional and risk-managed momentum strategies are non-normal, reducing the efficacy of the Sharpe ratio as an evaluation tool. To account for the higher moments of the return distribution, we evaluate momentum using the framework of myopic loss aversion.
Gareth Hurst, Paul Docherty
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Psychological and environmental determinants of myopic loss aversion [PDF]
, 2008 Each economic actor is characterized by his own evaluations, traits, and strategies. Although heterogeneity of economic actors is widely acknowledged, little is known about the factors causing it. In this paper, we will examine the behavioral bias known as myopic loss aversion, and the environmental and psychological factors leading to different ...
Hopfensitz, Astrid, Wranik, Tanja
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