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

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.

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Year of publication:	2012
Authors:	Benzion, Uri ; Krupalnik, Lena ; Rosenfeld, Ahron ; Shahrabani, Shosh ; Shavit, Tal
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 116.2012, 1, p. 20-22
Publisher:	Elsevier
Subject:	Myopic loss aversion \| Regret \| Multi-periods

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Type of publication:	Article
Classification:	C91 - Laboratory, Individual Behavior ; D03 - Behavioral Economics; Underlying Principles ; G11 - Portfolio Choice ; G23 - Pension Funds; Other Private Financial Institutions
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011041812