Myopic loss aversion: information feedback vs. investment flexibility

Charles Bellemare (), M. Krause, Sabine Kröger () and C. Zhang
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C. Zhang: Tilburg University, Center for Economic Research

No 32, Discussion Paper from Tilburg University, Center for Economic Research

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.

JEL-codes: D81 C91 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cbe, nep-fin and nep-mic
Date: 2004
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Journal Article: Myopic loss aversion: Information feedback vs. investment flexibility (2005)
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Persistent link: http://EconPapers.repec.org/RePEc:dgr:kubcen:200432

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