Why does myopia decrease the willingness to invest? Is it myopic loss aversion or myopic loss probability aversion?

DOI10.1007/S11238-010-9236-1zbMATH Open1274.91153OpenAlexW3125296967MaRDI QIDQ656887FDOQ656887

Martin Weber, Thomas Langer, Stefan Zeisberger

Publication date: 13 January 2012

Published in: Theory and Decision (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s11238-010-9236-1

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zbMATH Keywords

experimental economicsprospect theorymyopic loss aversionrepeated investing

Mathematics Subject Classification ID

Decision theory (91B06) Portfolio theory (91G10)

Cites Work

• Advances in prospect theory: cumulative representation of uncertainty
• Prospect Theory: An Analysis of Decision under Risk
• Myopic Loss Aversion and the Equity Premium Puzzle
• It is whether you win or lose: the importance of the overall probabilities of winning or losing in risky choice
• What is loss aversion?
• Measuring the time stability of prospect theory preferences
• Risk Aversion or Myopia? Choices in Repeated Gambles and Retirement Investments
• Decision Making Over Time and Under Uncertainty: A Common Approach
• Myopic risk-seeking: The impact of narrow decision bracketing on lottery play

Cited In (2)

• Aspirations as reference points: an experimental investigation of risk behavior over time
• Limits to myopic loss aversion and learning

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