In many important real-world decision domains, such as finance, the environment, and
health, behavior is strongly influenced by experience. Renewed interest in studying this …

The disposition effect is a financial puzzle that is often reported in empirical studies.
Although several theoretical explanations have been proposed, a unified view has yet to be …

The study provides an intuitive investigation into the disposition effect within frontier markets
such as Bangladesh, particularly focusing on its behavior during various market conditions …

For the average mutual fund, I confirm two well-documented empirical findings: the classical
disposition effect (DE), a propensity to sell winners over losers, and the V-shaped absolute …

I present a theory of investor selling behavior in which the disposition effect arises because
investors are slow to update their beliefs about the values of the assets they hold. I show …

Investing in the stock market is a pivotal decision in household finance. Stock investment is
substantially more profitable than investment in other asset classes. We experimentally test …

Time-constant trading thresholds are optimal for a large class of preferences and asset price
dynamics, including Expected Utility and the S-shaped reference-dependent utility of …

Do retail investors' behavioral biases in trading directly affect their consumption out of stock
market wealth? We exploit a natural experiment that changed the displayed purchase prices …