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Does commitment or feedback influence myopic loss aversion? An experimental analysis

[Zeitschriftenartikel]

Langer, Thomas; Weber, Martin

Zitationshinweis

Bitte beziehen Sie sich beim Zitieren dieses Dokumentes immer auf folgenden Persistent Identifier (PID):http://nbn-resolving.de/urn:nbn:de:0168-ssoar-263068

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Abstract Empirical research has demonstrated that a lower feedback frequency combined with a longer period of commitment decreases myopia and thereby increases the willingness to invest in a risky asset. In an experimental study, we disentangle the intertwined manipulation of feedback frequency and commitment to analyze how each individual variable contributes to the change in myopia and how they interact. We find that the period of commitment exerts a substantial impact and the feedback frequency a far less pronounced impact. There is a strong interaction between both variables. The results have significant implications for real world intertemporal decision making.
Klassifikation Erhebungstechniken und Analysetechniken der Sozialwissenschaften; Finanzwirtschaft, Rechnungswesen
Methode empirisch
Freie Schlagwörter Intertemporal decision making; Myopic loss aversion; Feedback frequency; Length of commitment; Evaluation period
Sprache Dokument Englisch
Publikationsjahr 2008
Seitenangabe S. 810-819
Zeitschriftentitel Journal of Economic Behavior & Organization, 67 (2008) 3-4
DOI http://dx.doi.org/10.1016/j.jebo.2006.05.019
Status Postprint; begutachtet (peer reviewed)
Lizenz PEER Licence Agreement (applicable only to documents from PEER project)
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