1 option
Myopic Loss Aversion and Investment Decisions: from the Laboratory to the Field / Kazi Iqbal, Asadul Islam, John A. List, Vy Nguyen.
- Format:
- Book
- Author/Creator:
- Iqbal, Kazi.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w28730.
- NBER working paper series no. w28730
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2021.
- Summary:
- Whether, and to what extent, behavioral anomalies uncovered in the lab manifest themselves in the field remains of first order importance in finance and economics. We begin by examining behavior of retail traders/investors making investment decisions in constructed laboratory markets. Our results show that the behaviors of the traders are consistent with myopic loss aversion. We combine the lab results with a unique individual-level matched dataset on daily stock market transactions and portfolio positions over a two year period. We find that lab behaviors help to predict, but do not fully capture, the essential real-world trading analogs of retail traders.
- Notes:
- Print version record
- April 2021.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.