Myopic loss aversion:: Information feedback vs. investment flexibility

被引：63

作者：

Bellemare, C

Krause, M

Kröger, S

Zhang, CD

机构：

[1] Univ Arizona, Econ Sci Lab, Tucson, AZ 85721 USA

[2] Univ Laval, Dept Econ, Quebec City, PQ G1K 7P4, Canada

[3] Tilburg Univ, Dept Econometr, Tilburg, Netherlands

来源：

ECONOMICS LETTERS | 2005年 / 87卷 / 03期

关键词：

myopic loss aversion; information feedback; commitment; investment flexibility;

D O I：

10.1016/j.econlet.2004.12.011

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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. (c) 2005 Elsevier B.V. All rights reserved.

引用

页码：319 / 324

页数：6

共 5 条

[1] MYOPIC LOSS AVERSION AND THE EQUITY PREMIUM PUZZLE [J].