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Disposition effect and gender

By Da Costa Jr Newton, Mineto Carlos and Da Silva Sergio

Abstract

Investors seem to hold on to their losing stocks to a greater extent than they hold on to their winning stocks. This well-document behavioral regularity is termed disposition effect (Shefrin and Statman 1985). We set an experiment to replicate results from a previous study of the disposition effect (Weber and Camerer 1998), and further show that a subject’s gender may interfere with the effect’s detection.

Topics: G11 - Portfolio Choice; Investment Decisions
Year: 2006
DOI identifier: 10.1080/13504850600706560
OAI identifier: oai:mpra.ub.uni-muenchen.de:1848

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