create a website

Disposition Effect and Loss Aversion: An Analysis Based on a Simulated Experimental Stock Market. (2013). Takenaka, Shinji ; Youki, Kohsaka ; Mardyla, Grzegorz.
In: Discussion Papers in Economics and Business.
RePEc:osk:wpaper:1302r.

Full description at Econpapers || Download paper

Cited: 1

Citations received by this document

Cites: 21

References cited by this document

Cocites: 50

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

  1. The disposition effect: who and when?. (2016). Ponti, Giovanni ; Iturbe-Ormaetxe, Inigo ; Cueva, Carlos ; Lucas, Josefa Tomas ; Kortajarene, Iigo Iturbe-Ormaetxe ; Herrero, Carlos Cueva.
    In: Working Papers. Serie AD.
    RePEc:ivi:wpasad:2016-01.

    Full description at Econpapers || Download paper

References

References cited by this document

  1. Barberis, N., and W. Xiong (2009), “What Drives the Disposition Effect? An Analysis of a Long-Standing Preference-Based Explanation,” Journal of Finance, 64, 751–784.

  2. Choe, H., and Y. Eom (2009), “The Disposition Effect and Investment Performance in the Futures Market,” Journal of Futures Markets, 29, 496-522.
    Paper not yet in RePEc: Add citation now
  3. Chui, P. M. W. (2001), “An Experimental Study of the Disposition Effect: Evidence from Macau,” Journal of Psychology and Financial Markets, 2, 215–221.
    Paper not yet in RePEc: Add citation now
  4. Constantinides, George M., (1984), Optimal stock trading with personal taxes: Implications for prices and the abnormal January returns, Journal of Financial Economics, 13(1), 65-89.

  5. Cramer, J.S. Hatog, J. Jonker, N. & Van Praag, C.M. (2002) “Low risk aversion encourages the choice for entrepreneurship: an empirical test of a truism,” Journal of Economic Behavior & Organization, 48, 29-36 Fogel S., and T. Berry (2006), “The Disposition Effect and Individual Investor Decisions: The Roles of Regret and Counterfactual Alternatives”, Journal of Behavioral Finance, 7(2), 107–116.

  6. Frazzinni, A. (2006), “The Disposition Effect and Underreaction to News” Journal of Finance, 61(4), 2017–2046.
    Paper not yet in RePEc: Add citation now
  7. Hens, T., and M. Vlcek (2011), “Does Prospect Theory Explain the Disposition Effect Journal of Behavioral Finance, 12(3), 141–157.
    Paper not yet in RePEc: Add citation now
  8. Kahneman, D., and A. Tversky (1979), “Prospect Theory: An Analysis of Decision under Risk” Econometrica, 47, 263–291.

  9. Kaustia, M. (2010), “Prospect Theory and the Disposition Effect,” Journal of Financial and Quantitative Analysis, 45, 791-812.

  10. Kirchler, E., B. Maciejovsky, and M. Weber (2005), “Framing Effects, Selective Information, and Market Behavior: An Experimental Analysis,” Journal of Behavioral Finance, 6 (2), 90–100.

  11. Lakonishok, J., and S. Smidt (1986), “Volume for Winners and Losers: Taxation and Other Motives for Stock Trading,” Journal of Finance, 41, 951–974.

  12. Misumi, T., T. Shumway, and H. Takahashi (2007) “On the Behavior of Investors from a Behavioral Finance Viewpoint: Evidence from the Trades of Japanese Individual Investors“, mimeo.
    Paper not yet in RePEc: Add citation now
  13. Odean, T. (1998), “Are Investors Reluctant to Realize Their Losses?” Journal of Finance, 53, 1775–1798.

  14. Odean, T. (1999), “Do Investors Trade Too Much?” American Economic Review, 89(5), 1279-1298.

  15. Rubaltelli, E, S. Rubichi, L. Savadori, M. Tedeschi, and Riccardo Ferretti (2005), “Numerical Information Format and Investment Decisions: Implications for the Disposition Effect and the Status Quo Bias,” The Journal of Behavioral Finance, 6 (1), 19–26.
    Paper not yet in RePEc: Add citation now
  16. Shefrin, H., and M. Statman (1985), “The Disposition to Sell Winners Too Early and Ride Losers Too Long: Theory and Evidence”, Journal of Finance, 40, 777–790.

  17. Shiroshita, K., (2009) “Kishitsu-Koka (Disposition Effect),” in Shiroshita, K., and H. Moriyasu eds., Nihon Kabushiki Shijō no Tōshi Kōdō Bunseki (Analysis of Investment Behavior in Japanese Stock Market) Chpt. 7, 139-159, Chuokeizai-Sha, (in Japanese).
    Paper not yet in RePEc: Add citation now
  18. Shumway, T. and G. Wu (2006) “Does Disposition Drive Momentum?” mimeo.
    Paper not yet in RePEc: Add citation now
  19. Tversky, A., and D. Kahneman (1992) “Advances in Prospect Theory: Cumulative Representation of Uncertainty.” Journal of Risk and Uncertainty, 5, 297–323.

  20. Vlcek, M., and M. Wang (2007), “The Disposition Effect in the Lab”, Working Paper, University of Zurich.
    Paper not yet in RePEc: Add citation now
  21. Weber, M., and C.F. Camerer (1998), “The Disposition Effect in Securities Trading: An Experimental Analysis”, Journal of Economic Behavior and Organization, 33, 167–184.

Cocites

Documents in RePEc which have cited the same bibliography

  1. Model of Bias-Driven Trend Followers and Interaction with Manipulators. (2017). Zhu, Qing ; Lai, Kin Keung ; Liu, KE ; Yen, Jerome.
    In: International Journal of Information Technology & Decision Making (IJITDM).
    RePEc:wsi:ijitdm:v:16:y:2017:i:02:n:s0219622014500485.

    Full description at Econpapers || Download paper

  2. Permanent price impact asymmetry of trades with institutional constraints. (2017). Sharma, Vivek ; Jain, Pankaj K ; Jiang, Christine ; Chiyachantana, Chiraphol.
    In: Journal of Financial Markets.
    RePEc:eee:finmar:v:36:y:2017:i:c:p:1-16.

    Full description at Econpapers || Download paper

  3. The Consumption-Investment Decision of a Prospect Theory Household. (2016). Tsigaris, Panagiotis ; Hlouskova, Jaroslava ; Fortin, Ines.
    In: Economics Series.
    RePEc:ihs:ihsesp:322.

    Full description at Econpapers || Download paper

  4. Salience and the Disposition Effect: Evidence from the Introduction of `Cash-Outs in Betting Markets. (2015). Yang, Fuyu ; Brown, Alasdair.
    In: University of East Anglia Applied and Financial Economics Working Paper Series.
    RePEc:uea:aepppr:2012_71.

    Full description at Econpapers || Download paper

  5. Capitalization of capital gains taxes: (In)attention and turn-of-the-year returns. (2015). Eichfelder, Sebastian ; Lau, Mona.
    In: FEMM Working Papers.
    RePEc:mag:wpaper:150019.

    Full description at Econpapers || Download paper

  6. Moral investing: Psychological motivations and implications. (2015). Rumiati, Rino ; Lotto, Lorella ; Ritov, Ilana ; Rubaltelli, Enrico.
    In: Judgment and Decision Making.
    RePEc:jdm:journl:v:10:y:2015:i:1:p:64-75.

    Full description at Econpapers || Download paper

  7. Biased Shorts: Stock Market Implications of Short Sellers’ Disposition Effect. (2015). Massa, Massimo ; von Beschwitz, Bastian.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:10535.

    Full description at Econpapers || Download paper

  8. The impact of the disposition effect on asset prices: insight from the NBA. (2014). Borghesi, Richard.
    In: Journal of Economics and Finance.
    RePEc:spr:jecfin:v:38:y:2014:i:4:p:698-711.

    Full description at Econpapers || Download paper

  9. Behavioral Finance. (2014). Hirshleifer, David.
    In: MPRA Paper.
    RePEc:pra:mprapa:59028.

    Full description at Econpapers || Download paper

  10. Investment Decisions: Are we fully-Rational?. (2014). Iqbal, Tabassum ; Reichhardt, Joaquin Pereira .
    In: MPRA Paper.
    RePEc:pra:mprapa:57686.

    Full description at Econpapers || Download paper

  11. Disposition Effect and Diminishing Sensitivity: An Analysis Based on a Simulated Experimental Stock Market. (2014). Tsutsui, Yoshiro ; Takenaka, Shinji ; Youki, Kohsaka ; Mardyla, Grzegorz.
    In: Discussion Papers in Economics and Business.
    RePEc:osk:wpaper:1302r2.

    Full description at Econpapers || Download paper

  12. Capital Income Taxation and Risk-Taking under Prospect Theory: The Continuous Distribution Case. (2014). Tsigaris, Panagiotis ; Hlouskova, Jaroslava ; Sivak, Rudolf ; Mikocziova, Jana .
    In: Czech Journal of Economics and Finance (Finance a uver).
    RePEc:fau:fauart:v:64:y:2014:i:5:p:374-391.

    Full description at Econpapers || Download paper

  13. The house money and break-even effects for different types of traders: Evidence from Taiwan futures markets. (2014). Huang, Yu Chuan ; Chan, Shu Hui.
    In: Pacific-Basin Finance Journal.
    RePEc:eee:pacfin:v:26:y:2014:i:c:p:1-13.

    Full description at Econpapers || Download paper

  14. Prospect Theory and market quality. (2014). Pasquariello, Paolo.
    In: Journal of Economic Theory.
    RePEc:eee:jetheo:v:149:y:2014:i:c:p:276-310.

    Full description at Econpapers || Download paper

  15. Introduction to financial economics. (2014). Vives, Xavier ; Vayanos, Dimitri ; Allen, Franklin.
    In: Journal of Economic Theory.
    RePEc:eee:jetheo:v:149:y:2014:i:c:p:1-14.

    Full description at Econpapers || Download paper

  16. Variation in risk seeking behaviour following large losses: A natural experiment. (2014). Page, Lionel ; Torgler, Benno.
    In: European Economic Review.
    RePEc:eee:eecrev:v:71:y:2014:i:c:p:121-131.

    Full description at Econpapers || Download paper

  17. Are Hungarian investors reluctant to realize their losses?. (2014). Ormos, Mihály ; Joo, Istvan .
    In: Economic Modelling.
    RePEc:eee:ecmode:v:40:y:2014:i:c:p:52-58.

    Full description at Econpapers || Download paper

  18. Too Proud to Stop: Regret in Dynamic Decisions. (2014). Strack, Philipp ; Viefers, Paul.
    In: Discussion Papers of DIW Berlin.
    RePEc:diw:diwwpp:dp1401.

    Full description at Econpapers || Download paper

  19. Realization Utility with Reference-Dependent Preferences. (2014). Jin, Lawrence J. ; Ingersoll, Jonathan E..
    In: Papers.
    RePEc:arx:papers:1408.2859.

    Full description at Econpapers || Download paper

  20. Disposition Effect and Loss Aversion: An Analysis Based on a Simulated Experimental Stock Market. (2013). Takenaka, Shinji ; Youki, Kohsaka ; Mardyla, Grzegorz.
    In: Discussion Papers in Economics and Business.
    RePEc:osk:wpaper:1302r.

    Full description at Econpapers || Download paper

  21. Prospect theory, the disposition effect, and asset prices. (2013). Yang, Liyan ; Li, Yan.
    In: Journal of Financial Economics.
    RePEc:eee:jfinec:v:107:y:2013:i:3:p:715-739.

    Full description at Econpapers || Download paper

  22. Prospect theory and trading patterns. (2013). Yao, Jing ; Li, Duan.
    In: Journal of Banking & Finance.
    RePEc:eee:jbfina:v:37:y:2013:i:8:p:2793-2805.

    Full description at Econpapers || Download paper

  23. Thirty Years of Prospect Theory in Economics: A Review and Assessment. (2013). Barberis, Nicholas C..
    In: Journal of Economic Perspectives.
    RePEc:aea:jecper:v:27:y:2013:i:1:p:173-96.

    Full description at Econpapers || Download paper

  24. Thirty Years of Prospect Theory in Economics: A Review and Assessment. (2012). Barberis, Nicholas C..
    In: NBER Working Papers.
    RePEc:nbr:nberwo:18621.

    Full description at Econpapers || Download paper

  25. Using Neural Data to Test a Theory of Investor Behavior: An Application to Realization Utility. (2012). Rangel, Antonio ; Camerer, Colin ; Bossaerts, Peter ; Barberis, Nicholas ; Frydman, Cary.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:18562.

    Full description at Econpapers || Download paper

  26. Capital income taxation and risk taking under prospect theory. (2012). Hlouskova, Jaroslava ; Tsigaris, Panagiotis.
    In: International Tax and Public Finance.
    RePEc:kap:itaxpf:v:19:y:2012:i:4:p:554-573.

    Full description at Econpapers || Download paper

  27. Household Finance. An Emerging Field. (2012). Sodini, Paolo ; Guiso, Luigi.
    In: EIEF Working Papers Series.
    RePEc:eie:wpaper:1204.

    Full description at Econpapers || Download paper

  28. Decision-dependent emotions and behavioral anomalies. (2012). Summers, Barbara ; Duxbury, Darren.
    In: Organizational Behavior and Human Decision Processes.
    RePEc:eee:jobhdp:v:118:y:2012:i:2:p:226-238.

    Full description at Econpapers || Download paper

  29. The effect of reference point prices on mergers and acquisitions. (2012). Wurgler, Jeffrey ; Baker, Malcolm ; Pan, Xin.
    In: Journal of Financial Economics.
    RePEc:eee:jfinec:v:106:y:2012:i:1:p:49-71.

    Full description at Econpapers || Download paper

  30. Realization utility. (2012). Xiong, Wei ; Barberis, Nicholas.
    In: Journal of Financial Economics.
    RePEc:eee:jfinec:v:104:y:2012:i:2:p:251-271.

    Full description at Econpapers || Download paper

  31. Household Finance: An Emerging Field. (2012). Sodini, Paolo ; Guiso, Luigi.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:8934.

    Full description at Econpapers || Download paper

  32. The price impact of the disposition effect on the ex-dividend day of NYSE and AMEX common stocks. (2011). Leledakis, George ; Efthymiou, Vassilis.
    In: MPRA Paper.
    RePEc:pra:mprapa:28791.

    Full description at Econpapers || Download paper

  33. Why Do (Some) Households Trade So Much?. (2011). Linnainmaa, Juhani T..
    In: The Review of Financial Studies.
    RePEc:oup:rfinst:v:24:y:2011:i:5:p:1630-1666.

    Full description at Econpapers || Download paper

  34. Diszpozíciós hatás a magyar tőkepiacon. (2011). Ormos, Mihály ; Joo, Istvan .
    In: Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences).
    RePEc:ksa:szemle:1265.

    Full description at Econpapers || Download paper

  35. Prospect theory for continuous distributions: A preference foundation. (2011). Wakker, Peter ; Spinu, Vitalie ; Kothiyal, Amit.
    In: Journal of Risk and Uncertainty.
    RePEc:kap:jrisku:v:42:y:2011:i:3:p:195-210.

    Full description at Econpapers || Download paper

  36. Managerial ownership and the disposition effect. (2011). Fu, Richard ; Wedge, Lei.
    In: Journal of Banking & Finance.
    RePEc:eee:jbfina:v:35:y:2011:i:9:p:2407-2417.

    Full description at Econpapers || Download paper

  37. Stock market trading activity and returns around milestones. (2011). Dieckmann, Stephan ; Aragon, George O..
    In: Journal of Empirical Finance.
    RePEc:eee:empfin:v:18:y:2011:i:4:p:570-584.

    Full description at Econpapers || Download paper

  38. Beyond the Disposition Effect: Do Investors Really Like Gains More Than Losses?. (2011). Hirshleifer, David ; Ben-David, Itzhak.
    In: Working Paper Series.
    RePEc:ecl:ohidic:2011-13.

    Full description at Econpapers || Download paper

  39. The Role of Theory in Field Experiments. (2011). Malmendier, Ulrike ; DellaVigna, Stefano ; Card, David.
    In: Journal of Economic Perspectives.
    RePEc:aea:jecper:v:25:y:2011:i:3:p:39-62.

    Full description at Econpapers || Download paper

  40. Prior Consequences and Subsequent Risk Taking: New Field Evidence from the Taiwan Futures Exchange. (2010). zhu, ning ; Liu, Yu-Jane ; Wang, Ming-Chun ; Tsai, Chih-Ling.
    In: Management Science.
    RePEc:inm:ormnsc:v:56:y:2010:i:4:p:606-620.

    Full description at Econpapers || Download paper

  41. A cross-cultural study of reference point adaptation: Evidence from China, Korea, and the US. (2010). Lim, Sonya ; Jiang, Danling ; Hirshleifer, David ; Arkes, Hal.
    In: Organizational Behavior and Human Decision Processes.
    RePEc:eee:jobhdp:v:112:y:2010:i:2:p:99-111.

    Full description at Econpapers || Download paper

  42. A Model of Casino Gambling. (2009). Barberis, Nicholas C..
    In: NBER Working Papers.
    RePEc:nbr:nberwo:14947.

    Full description at Econpapers || Download paper

  43. Realization Utility. (2008). Xiong, Wei ; Barberis, Nicholas C..
    In: NBER Working Papers.
    RePEc:nbr:nberwo:14440.

    Full description at Econpapers || Download paper

  44. Are French Individual Investors reluctant to realize their losses?. (2008). MERLI, Maxime ; Broihanne, Marie-Hélène ; Broihanne M-H., ; Boolell-Gunesh S., .
    In: Working Papers of LaRGE Research Center.
    RePEc:lar:wpaper:2008-09.

    Full description at Econpapers || Download paper

  45. Does the consciousness of the disposition effect increase the equity premium?. (2007). ROGER, Patrick.
    In: Working Papers of LaRGE Research Center.
    RePEc:lar:wpaper:2007-01.

    Full description at Econpapers || Download paper

  46. Preferred Risk Habitat of Individual Investors. (2007). Huberman, Gur ; Dorn, Daniel.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:6532.

    Full description at Econpapers || Download paper

  47. Reinforcement Learning in Investment Behavior. (2007). Metrick, Andrew ; Laibson, David ; Choi, James ; Madrain, Brigitte .
    In: Levine's Bibliography.
    RePEc:cla:levrem:122247000000001737.

    Full description at Econpapers || Download paper

  48. The Loss Aversion / Narrow Framing Approach to the Equity Premium Puzzle. (2006). HUANG, MING ; Barberis, Nicholas.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:12378.

    Full description at Econpapers || Download paper

  49. Making prospect theory fit for finance. (2006). De Giorgi, Enrico ; Hens, Thorsten.
    In: Financial Markets and Portfolio Management.
    RePEc:kap:fmktpm:v:20:y:2006:i:3:p:339-360.

    Full description at Econpapers || Download paper

  50. Behavioral Economics Comes of Age. (2006). .
    In: Levine's Bibliography.
    RePEc:cla:levrem:321307000000000038.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2025-10-04 17:30:53 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Last updated August, 3 2024. Contact: Jose Manuel Barrueco.