The effect of short-term information on long-term investment: An experimental study

Uri Benzion, Lena Krupalnik, Ahron Rosenfeld, Shosh Shahrabani and Tal Shavit ()

Economics Letters, 2012, vol. 116, issue 1, 20-22

Abstract: We present a multi-trial experiment that extends the classic experiment of Thaler et al. (1997) by adding short-term information to long-term investment. The allocation to the risky asset is reduced in the long-term, when we add short-term information.

Keywords: Myopic loss aversion; Regret; Multi-periods (search for similar items in EconPapers)
JEL-codes: C91 D03 G11 G23 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:116:y:2012:i:1:p:20-22

DOI: 10.1016/j.econlet.2012.01.003

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