Da Costa, Newton; Goulart, Marco; Cupertino, Cesar; … - In: Journal of Banking & Finance 37 (2013) 5, pp. 1669-1675
We examine whether investing experience can dampen the disposition effect, that is, the fact that investors seem to hold on to their losing stocks to a greater extent than they hold on to their winning stocks. To do so, we devise a computer program that simulates the stock market. We use the...
