Why does myopia decrease the willingness to invest? Is it myopic loss aversion or myopic loss probability aversion?
نویسندگان
چکیده
منابع مشابه
Myopic Loss Aversion Revisited
In this paper we reexamine several experimental papers on myopic loss aversion by analyzing individual rather than aggregate choice patterns. We find that the behavior of the majority of subjects is inconsistent with the hypothesis of myopic loss aversion.
متن کاملNo myopic loss aversion in adolescents ?
Myopic loss aversion (MLA) has been found to play a persistent role for investment behavior under risk. We study whether MLA is already present during adolescence. Quite surprisingly, we find no evidence of MLA in a sample of 755 adolescents. This finding is at odds with previous findings, and it might be explained by self-selection effects. In other dimensions, however, we are able to replicat...
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Individuals often act myopically when they evaluate sequences of investment opportunities. For a loss averse decision maker, such myopia causes the sequence to look less attractive and might result in the rejection of an investment program that would have been accepted in less myopic view (Benartzi and Thaler, 1995). In this paper, we argue that the relation between myopia and the attractivenes...
متن کاملNo myopic loss aversion in adolescents? An experimental note
Myopic loss aversion (MLA) has been found to play a persistent role for investment behavior under risk. We study whether MLA is already present during adolescence. Quite surprisingly, we find no evidence of MLA in a sample of 755 adolescents. This finding is at odds with previous findings, and it might be explained by self-selection effects. In other dimensions, however, we are able to replicat...
متن کاملCauses , consequences , and cures of myopic loss aversion –
We examine in an experiment the causes, consequences and possible cures of myopic loss aversion (MLA) for investment behaviour under risk. We find that both, investment horizons and feedback frequency contribute almost equally to the effects of MLA. Longer investment horizons and less frequent feedback lead to higher investments. However, when given the choice, subjects prefer on average shorte...
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ژورنال
عنوان ژورنال: Theory and Decision
سال: 2010
ISSN: 0040-5833,1573-7187
DOI: 10.1007/s11238-010-9236-1