Regret, Pride, and the Disposition Effect
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PARC Working Paper Series
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Subject
Portfolio choice
Anticipated regret and pride
Individual preference
Disposition effect
Demography, Population, and Ecology
Family, Life Course, and Society
Social and Behavioral Sciences
Sociology
Anticipated regret and pride
Individual preference
Disposition effect
Demography, Population, and Ecology
Family, Life Course, and Society
Social and Behavioral Sciences
Sociology
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Muermann, Alexander
Volkman, Jacqueline M
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Abstract
We develop a dynamic portfolio choice model which incorporates anticipated regret and pride in individual's preferences and show that those preferences can cause investors to sell winning stocks and hold on to losing stocks; that is, anticipating regret and pride can help explain the disposition effect.
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2006-07-01
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Muermann, Alexander and Jacqueline M. Volkman. 2006. "Regret, Pride, and the Disposition Effect." PARC Working Paper Series, WPS 06-07.