The disposition effect in securities trading: an experimental analysis
Article Abstract:
Investors in risky assets exhibit disposition effect in that they have the tendency to divest a lesser number of shares when the price declines than when it increases. They also tend to divest less when the price is lesser than the purchase price than when it is higher. Such phenomenon exists due to investors' cautiousness in trying to avoid risk when a certain gain is likely.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 1998
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Acquisition of costly information: and experimental study
Article Abstract:
Decision-making is examined in detail in a context where information can be purchased. The way that information is learnt and acted on is assessed, is is the impact of this on markets.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 2001
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