Asymmetric learning from financial information

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Errors in Probabilistic Reasoning and Judgment Biases (2018, unknown): “The opposite result—stronger inference from bad news—was found in three papers: Ertac (2011) and Coutts (2017), as well as by Kuhnen (2015) for outcomes that take place in the loss domain (but not those that take place in the gain domain).”
Looking for Someone to Blame: Delegation, Cognitive Dissonance, and the Disposition Effect (2014, unknown): “Disposition effect trading in stocks reduces returns, as documented by Odean (1998).11 The impact of the disposition effect on realized returns is sufficient to exclude most explanations that are based purely on private information and rational learning.”
Socioeconomic Status and Macroeconomic Expectations (2017, unknown): “Experimental evidence in Kuhnen (2015) shows that individuals faced with sequences of negative payoffs form overly pessimistic beliefs about the quality of the available investments.”
The spillover effects of MD&A disclosures for real investment: The role of industry competition (2019, background): “…more readily process negative information than positive information (Tetlock et al., 2008; Kuhnen, 2015), and positive language is less credible than negative language, since managers may benefit from positive language more than from negative language (Lang and Lundholm, 2000; Hutton et al., 2003).”