The effect of investment and withdrawal horizons on myopic loss aversion

Michael Guillemette, David Blanchett and Michael Finke

Applied Economics Letters, 2019, vol. 26, issue 10, 787-790

Abstract: Using unique survey data, we find that a longer investment horizon (6–10 years and 11+ years) reduces the likelihood of exhibiting myopic loss aversion (MLA) compared to an investment horizon of less than 2 years. In addition, we find that investors with higher levels of assets under management (AUM) are less likely to exhibit MLA compared to the lowest AUM quartile.

Date: 2019
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DOI: 10.1080/13504851.2018.1497840

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