Myopic Loss Aversion: Information Feedback vs. Investment Flexibility

C. Bellemare, M. Krause, S. Kroger, C. Zhang

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Abstract

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 behavior that is in line with the hypothesis of Myopic Loss Aversion.
Original languageEnglish
Place of PublicationTilburg
PublisherEconometrics
Number of pages11
Volume2004-32
Publication statusPublished - 2004

Publication series

NameCentER Discussion Paper
Volume2004-32

Keywords

  • information
  • investment

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  • Cite this

    Bellemare, C., Krause, M., Kroger, S., & Zhang, C. (2004). Myopic Loss Aversion: Information Feedback vs. Investment Flexibility. (CentER Discussion Paper; Vol. 2004-32). Econometrics.