Costa, Newton Da; Mineto, Carlos; Silva, Sergio Da - In: Applied Economics Letters 15 (2008) 6, pp. 411-416
Investors seem to hold on to their losing stocks to a greater extent than they hold on to their winning stocks. This well-documented behavioural regularity is termed disposition effect (Shefrin and Statman, 1985). We set an experiment to replicate results from a previous study of the disposition...