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.
|Place of Publication||Tilburg|
|Number of pages||11|
|Publication status||Published - 2004|
|Name||CentER Discussion Paper|