Eriksen, Kristoffer W.; Kvaløy, Ola - In: Journal of Economic Behavior & Organization 97 (2014) C, pp. 37-46
There is a common notion that incentive schemes in the financial industry trigger myopia and risk-taking. In some sense this contrasts with the concept of myopic loss aversion (MLA), which implies that myopia mitigates risk-taking. A number of experimental studies support the MLA-hypothesis by...