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Myopic Loss Aversion: Information Feedback vs. Investment Flexibility

Bellemare,C.
; 
Krause,M.
; 
Kroger,S.
; 
Zhang,C.
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.
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Pagination: 11
Date
2004
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Publisher
Econometrics
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Tilburg University Research Output Collection
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32.pdf
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Keywords
information, investment, D81 - Criteria for Decision-Making under Risk and Uncertainty, C91 - Laboratory, Individual Behavior
Citation
Bellemare, C, Krause, M, Kroger, S & Zhang, C 2004 'Myopic Loss Aversion : Information Feedback vs. Investment Flexibility' CentER Discussion Paper, vol. 2004-32, Econometrics, Tilburg.
URI
https://hdl.handle.net/20.500.14602/27161
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