Do Professional Traders Exhibit Loss Realization Aversion

By Peter R. Locke, Steven C. Mann, Peter Alonzi, C. B. Barry, Robert Battalio, G. Dwyer, A. Kalay, P. Laux, Paula A. Tkac, Steven Manaster and 1 more. 2000

114 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

The Reach of the Disposition Effect: Large Sample Evidence Across Investor Classes* (2006, unknown): “The conclusion that greater investment expertise is associated with less susceptibility to the disposition effect is supported by Locke and Mann (2000). They study the trading behaviour of professional futures traders and find that while all traders hold losers longer than winners, the least success”
Loss aversion and anchoring in commercial real estate pricing: Empirical evidence and price index implications (2010, background): “This phenomenon has been documented extensively in the finance literature (see, for example, Odean (1998), Feng et al (2005), Locke et al (2000) and Shapira et al (2001)).”
Does Prospect Theory Explain the Disposition Effect? (2011, unknown): “This observation has been made by a series of papers, including Shefrin and Statman (1985), Odean (1998), Weber and Camerer (1998), Heath, Huddart, and Lang (1999), Locke and Mann (2001), Grinblatt and Keloharju (2000), Grinblatt and Keloharju (2001) and Ranguelova (2002).”