Regret, Pride, and the Disposition Effect
Loading...
Penn collection
Wharton Pension Research Council Working Papers
Degree type
Discipline
Subject
disposition effect
preferences
regret
pride
investing
Economics
preferences
regret
pride
investing
Economics
Funder
Grant number
License
Copyright date
Distributor
Related resources
Author
Muermann, Alexander
Volkman, Jacqueline M.
Contributor
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.
Advisor
Date Range for Data Collection (Start Date)
Date Range for Data Collection (End Date)
Digital Object Identifier
Series name and number
Publication date
2007-01-01