Myopic Loss Aversion, Information Dissemination, and the Equity Premium Puzzle

Charles Bellemare (), Michaela Krause, Sabine Kröger () and Chendi Zhang

Cahiers de recherche from CIRPEE

Abstract: We experimentally disentangle the effect of information dissemination from the effect of the time horizon on the investment behavior of a myopically loss averse investor. Our findings show that varying the information condition only suffices to induce behavior that is in line with the hypothesis of Myopic Loss Aversion.

Keywords: Myopic loss aversion; information dissemination (search for similar items in EconPapers)
JEL-codes: D81 C91 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-exp
Date: 2004
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Persistent link: http://EconPapers.repec.org/RePEc:lvl:lacicr:0428

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