Disposition effect and gender

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

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