Add to ORKGA disposition effect is the observation that investors tend to sell winning stocks too early and hold losing stocks too long. In this paper, we investigate whether expected utility theory explains the disposition effect. We implement two models of expected utility theory: exponential and power. We show that for reasonable parameter values the disposition effect can be explained by expected utility theory
[Abstract] In this note, we critically survey the literature on one of the most puzzling phenomena i...
Purpose: The purpose of this paper is to demonstrate that various disposition patterns in terms of t...
Prior experimental and empirical research documents that many investors have a lower propensity to s...
A disposition effect is the observation that investors tend to sell winning stocks too early and hol...
The disposition effect is the observation that investors hold winning stocks too long and sell losin...
The disposition effect is the observation that investors tend to realize gains more than losses. Thi...
The disposition effect describes the tendency to sell winners (stocks with a paper gain) and hold lo...
The ‘disposition effect’ is the tendency to sell assets that have gained value (‘winners’) and keep ...
The disposition effect is a longstanding puzzle in financial economics. This paper demonstrates that...
The disposition effect (greater realization of winners than losers) is often taken as proof that inv...
A number of authors have suggested that investors derive utility from realizing gains and losses on ...
The disposition effect is a longstanding puzzle in financial economics. This paper demonstrates that...
This paper is a survey of existing papers on the disposition effect, which may be described as a ten...
We theoretically show that there is a fundamental disconnect between the disposition effect, i.e., i...
The disposition effect describes investors’ common tendency of selling a winning investment too soon...
[Abstract] In this note, we critically survey the literature on one of the most puzzling phenomena i...
Purpose: The purpose of this paper is to demonstrate that various disposition patterns in terms of t...
Prior experimental and empirical research documents that many investors have a lower propensity to s...
A disposition effect is the observation that investors tend to sell winning stocks too early and hol...
The disposition effect is the observation that investors hold winning stocks too long and sell losin...
The disposition effect is the observation that investors tend to realize gains more than losses. Thi...
The disposition effect describes the tendency to sell winners (stocks with a paper gain) and hold lo...
The ‘disposition effect’ is the tendency to sell assets that have gained value (‘winners’) and keep ...
The disposition effect is a longstanding puzzle in financial economics. This paper demonstrates that...
The disposition effect (greater realization of winners than losers) is often taken as proof that inv...
A number of authors have suggested that investors derive utility from realizing gains and losses on ...
The disposition effect is a longstanding puzzle in financial economics. This paper demonstrates that...
This paper is a survey of existing papers on the disposition effect, which may be described as a ten...
We theoretically show that there is a fundamental disconnect between the disposition effect, i.e., i...
The disposition effect describes investors’ common tendency of selling a winning investment too soon...
[Abstract] In this note, we critically survey the literature on one of the most puzzling phenomena i...
Purpose: The purpose of this paper is to demonstrate that various disposition patterns in terms of t...
Prior experimental and empirical research documents that many investors have a lower propensity to s...