No myopic loss aversion in adolescents? - An experimental note

被引：5
|
作者：
Glaetzle-Ruetzler, Daniela [1 ]
Sutter, Matthias [1 ,2 ]
Zeileis, Achim [3 ]
机构：
[1] Univ Innsbruck, Dept Publ Finance, A-6020 Innsbruck, Austria
[2] Univ Cologne, Chair Econ Design & Behav, D-50923 Cologne, Germany
[3] Univ Innsbruck, Dept Stat, A-6020 Innsbruck, Austria
来源：
JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION | 2015年 / 111卷
关键词：
Myopic loss aversion; Experiment; Adolescents; Team-decision making; PROSPECT-THEORY; EQUITY PREMIUM;
D O I：
10.1016/j.jebo.2014.12.021
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Myopic loss aversion (MLA) has been found to play a persistent role for investment behavior under risk. We study whether MLA is already present during adolescence. Quite surprisingly, we find no evidence of MLA in a sample of 755 adolescents. This finding is at odds with previous findings, and it might be explained by self-selection effects. In other dimensions, however, we are able to replicate stylized findings in our pool of adolescents, such that teams invest higher amounts than individuals and that women invest less than men. (C) 2014 Elsevier B.V. All rights reserved.
引用
收藏
页码：169 / 176
页数：8
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