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We study the use of trading strategies and their profitability in experimental asset markets with asymmetrically informed traders. We find that insiders make most of their profits from trades which are initiated by their limit orders -- especially at the beginning of a period and when the change...
Persistent link: https://www.econbiz.de/10008515093
When the performance of a risky asset is frequently assessed, the probability of detecting a loss is high, which averts the loss averse investors. This effect is known as myopic loss aversion (MLA). This paper reexamines several recent experimental studies documenting the existence of MLA. A...
Persistent link: https://www.econbiz.de/10005627807
We examine in an experiment the causes, consequences and possible cures of myopic loss aversion (MLA) for investment …
Persistent link: https://www.econbiz.de/10005432667
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...
Persistent link: https://www.econbiz.de/10010632924