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Disposition effect and gender

Newton, Da Costa Jr; Carlos, Mineto and Sergio, Da Silva (2006): Disposition effect and gender. Forthcoming in: Applied Economics Letters

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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.

Item Type:MPRA Paper
Institution:Federal University of Santa Catarina
Language:English
Subjects:G - Financial Economics > G1 - General Financial Markets > G11 - Portfolio Choice; Investment Decisions
ID Code:1848
Deposited By:Sergio Da Silva
Deposited On:20. Feb 2007
Last Modified:07. Nov 2007 02:03

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