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Behavioral Economics Commons

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Full-Text Articles in Behavioral Economics

Closed End Fund Discounts As Sentiment Indicies, Thomas Berry Dec 2005

Closed End Fund Discounts As Sentiment Indicies, Thomas Berry

Thomas D Berry

No abstract provided.


The Disposition Effect And Individual Investor Decisions: The Role Of Regret And Counterfactual Alternatives, Thomas Berry, Suzanne Fogel Dec 2005

The Disposition Effect And Individual Investor Decisions: The Role Of Regret And Counterfactual Alternatives, Thomas Berry, Suzanne Fogel

Thomas D Berry

Recent studies have documented a strong tendency for individual investors to delay realizing capital losses, while realizing gains prematurely (Odean [1996], Shefrin and Statman [1985], Weber and Camerer [1996]). This tendency has been termed the “disposition effect.” The disposition effect is inconsistent with normative approaches to stock sales, such as those based on tax losses (see, for example, Constantinides [1983]). We surveyed individual investors, and found that more respondents reported regret about holding on to a losing stock too long than about selling a winning stock too soon. This finding suggests that individual investors are consistently engaging in behavior that ...


Macro Determinants Of Total Factor Productivity In Pakistan, Safdar Khan Dec 2005

Macro Determinants Of Total Factor Productivity In Pakistan, Safdar Khan

Safdar Khan

No abstract provided.