haku: @author Camerer, C. / yhteensä: 11
viite: 4 / 11
| Tekijä: | Weber, M. Camerer, C. |
| Otsikko: | The disposition effect in securities trading: an experimental analysis |
| Lehti: | Journal of Economic Behavior and Organization
1998 : JAN, VOL. 33:2, p. 167-184 |
| Asiasana: | ECONOMIC BEHAVIOUR ORGANIZATION TRADE |
| Kieli: | eng |
| Tiivistelmä: | The "disposition effect" is the tendency to sell assets that have gained value and keep assets that have lost value (winners and losers). Disposition effects can be explained by the two features of prospect theory: the idea that people value gains and losses relative to a reference point, and the tendency to seek risk when faced with possible losses, and avoid risk when a certain gain is possible. The experiments were designed to see if subjects would exhibit disposition effects. |
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