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We examine in an experiment the causes, consequences and possible cures of myopic loss aversion (MLA) for investment … behaviour under risk. We find that both, investment horizons and feedback frequency contribute almost equally to the effects of … MLA. Longer investment horizons and less frequent feedback lead to higher investments. However, when given the choice …
Persistent link: https://www.econbiz.de/10005090568
We examine in an experiment the causes, consequences and possible cures of myopic loss aversion (MLA) for investment … behaviour under risk. We find that both, investment horizons and feedback frequency contribute almost equally to the effects of … MLA. Longer investment horizons and less frequent feedback lead to higher investments. However, when given the choice …
Persistent link: https://www.econbiz.de/10005432667
paper we address two issues related to the effects of MLA on risky investment decisions. First, we assess the relative … impact of feedback frequency and investment flexibility (via the investment horizon) on risky investments. Second, given that … we observe higher investments with a longer investment horizon, we examine conditions under which investors might …
Persistent link: https://www.econbiz.de/10005765187
paper we address two issues related to the effects of MLA on risky investment decisions. First, we assess the relative … impact of feedback frequency and investment flexibility (via the investment horizon) on risky investments. Second, given that … we observe higher investments with a longer investment horizon, we examine conditions under which investors might …
Persistent link: https://www.econbiz.de/10005739678
. We reexamine this issue with an experiment that accounts for possible confounds in prior insurance experiments. Our … extent underinsurance for catastrophic risk is observed in the field, it can be attributed to factors other than the relative …
Persistent link: https://www.econbiz.de/10005190418
to equalise to payoff chances under risk. Risk to the recipient does, however, generally decrease the transferred amount …
Persistent link: https://www.econbiz.de/10010627309
We present a new model of forward dynamic utilities. In doing so, we provide unique (viscosity) solutions. In addition, we introduce Hausdorff-continuous viscosity solutions to the portfolio model.
Persistent link: https://www.econbiz.de/10008633344
location decisions. We show that the impact of remittances on the risk faced by the migrant is more complex than usually … acknowledged. On the one hand, their effect on aggregate risk is non-monotonic. On the other hand, their impact on the geographical … location of risk might be counter-intuitive, as remittances increase the migrant’s exposure to risk in the origin country. Also …
Persistent link: https://www.econbiz.de/10008765102
stereotype of risk averse and less competitive older employees. …
Persistent link: https://www.econbiz.de/10010858028
stereotype of risk averse and less competitive older employees. …
Persistent link: https://www.econbiz.de/10010884197