Results 11 to 20 of about 317 (132)
Myopic Loss Aversion and the Equity Premium Puzzle [PDF]
The Quarterly Journal of Economics, 1995 Summary: The equity premium puzzle refers to the empirical fact that stocks have outperformed bonds over the last century by a surprisingly large margin. We offer a new explanation based on two behavioral concepts. First, investors are assumed to be ``loss averse'', meaning that they are distinctly more sensitive to losses than to gains.
Shlomo Benartzi, Richard H. Thaler
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Is broad bracketing always better? How broad decision framing leads to more optimal preferences over repeated gambles [PDF]
Judgment and Decision Making, 2017 The effect of choice bracketing — the consideration of repeated decisions as a set versus in isolation — has important implications for products that are inherently time-sensitive and entail varying levels of risk, including retirement accounts ...
Elizabeth C. Webb, Suzanne B. Shu
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Myopic loss aversion revisited [PDF]
Economics Letters, 2009 In this paper we reexamine several experimental papers on myopic loss aversion by analyzing individual rather than aggregate choice patterns. We find that the behavior of the majority of subjects is inconsistent with the hypothesis of myopic loss aversion.
Blavatskyy, Pavlo R, Pogrebna, Ganna
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No myopic loss aversion in adolescents? – An experimental note [PDF]
Journal of Economic Behavior & Organization, 2015 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.
Daniela Glätzle-Rützler +2 more
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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, S., Thaler, R.H.,1995. Myopic loss aversion and the equity premium puzzle. Quarterly Journal of Economics 110, 73-92] and disappointment aversion [Ang, A., Bekaert, G., Liu, J., 2005.
Fielding, David, Stracca, Livio
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Causes, Consequences, and Cures of Myopic Loss Aversion – An Experimental Investigation [PDF]
The Economic Journal, 2008 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. First, we assess the relative impact of feedback frequency and investment flexibility (via the investment horizon) on risky investments.
Fellner, Gerlinde, Sutter, Matthias
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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 of feedback frequency and binding period to analyze how both variables alone contribute to the ...
Langer, Thomas, Weber, Martin
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Do investors become risk takers after receiving MLA and accounting information?
Journal of Economics, Business & Accountancy Ventura, 2016 This study aimed to find out, empirically, the effect of myopic loss aversion and accounting information on the behavior of investors. The method used is pure experiment by using a 2×2 factorial design between subjects.
Ni Made Wisni Arie Pramuki +2 more
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Bracketing effects on risk tolerance: Generalizability and underlying mechanisms
Judgment and Decision Making, 2010 Research has shown that risk tolerance increases when multiple decisions and associated outcomes are presented together in a broader “bracket” rather than one at a time.
Ester Moher, Derek J. Koehler
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Bracketing effects on risk tolerance [PDF]
Judgment and Decision Making, 2010 Research has shown that risk tolerance increases when multiple decisions and associated outcomes are presented together in a broader ``bracket'' rather than one at a time.
Ester Moher, Derek J. Koehler
doaj