Prospect Theory and the Disposition Effect

By Markku Kaustia. Journal of Financial and Quantitative Analysis, 2008

220 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/bbcd577af9dcd072cc58abffae211bc817ab31ad

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In Economics and Econometrics

1. Samuel M. Hartzmark
2. Jennifer Li
3. Jian Zhang
4. Massimo Massa
5. H. Zhang

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1. Samuel M. Hartzmark
2. Jennifer Li
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Citations in the corpus

• Looking for Someone to Blame: Delegation, Cognitive Dissonance, and the Disposition Effect (2014, unknown): “This last measure may be problematic if the composition of students in the Investments class is systematically different in ways beyond trading experience. and a similar argument was put forward in Kaustia (2010b) based on self-justification and regret avoidance.”
• Air pollution, behavioral bias, and the disposition effect in China (2019, background): “…sides (see, among others, Grinblatt and Han, 2005; Barberis and Xiong, 2009, 2012; Calvet, Campbell, and Sodini, 2009; Ivkovic and Weisbenner, 2009; Kaustia, 2010; Ben-David and Hirshleifer, 2012; Henderson, 2012; Li and Yang, 2013; Frydman et al., 2014; An, 2016; Chang, Solomon, and Westerfield,…”
• Does Prospect Theory Explain the Disposition Effect? (2011, unknown): “This observation has been made by a series of authors, 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], Ranguelova [2002], Shumway and Wu [2007], and K”
• Realization Utility with Reference-Dependent Preferences (2013, unknown): “36 See Section 4 of Odean (1999) for an informal discussion on this.”
• The Worst, the Best, Ignoring All the Rest: The Rank Effect and Trading Behavior (2015, background): “…likely to sell a position as it becomes a larger gain, or a larger 11 Settings include individual investors (Odean 1998; Feng and Seasholes 2005; Kaustia 2010), mutual fund managers (Wermers 2003; Frazzini 2006), futures traders (Locke and Mann 2005) and prediction markets (Hartzmark and…”