Disposition Effect and Diminishing Sensitivity : An Analysis Based on a Simulated Experimental Stock Market

• 資料種別: 文書・図像類
• タイトル: Disposition Effect and Diminishing Sensitivity : An Analysis Based on a Simulated Experimental Stock Market
• 著者・編者: Kohsaka, Youki; Mardyla, Grzegorz; Takenak, Shinji; Tsutsui, Yoshiro
• 著者標目: Kohsaka, Youki; https://nrid.nii.ac.jp/nrid/1000060632817; Mardyla, Grzegorz; Takenak, Shinji; Tsutsui, Yoshiro; https://nrid.nii.ac.jp/nrid/1000050163845
• 出版事項: Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University
• 出版年月日等: 2013-12
• 出版年（W3CDTF）: 2013-12
• タイトル（掲載誌）: Discussion Papers In Economics And Business
• 巻号年月日等（掲載誌）: 13-02-Rev.2
• 掲載巻: 13-02-Rev.2
• 本文の言語コード: eng
• 件名標目: disposition effect; loss aversion; investor behavior; experimental economics
• 対象利用者: 一般
• 一般注記: * Revised： [13-02, 2013]; * Revised：Disposition Effect and Loss Aversion: An Analysis Based on a Simulated Experimental Stock Market [13-02-Rev., 2013]; We experimentally investigate the existence of the disposition effect and loss aversion as its potential cause. Our approach includes three key characteristics: (i) An environment closely mimicking actual stock markets; (ii) Individual-specific reference prices; (iii) A direct test of loss aversion as a cause of the disposition effect. We find strong support for the existence of the disposition effect as an independent hypothesis. This is an improvement over previous studies, which tested this hypothesis only jointly with others. Our results also strongly point to loss aversion, of the type postulated by prospect theory, being a source of the disposition effect.
• 参照（URI）: http://www2.econ.osaka-u.ac.jp/library/global/dp/1302R2.pdf; URI
• 連携機関・データベース: 国立情報学研究所 : 学術機関リポジトリデータベース（IRDB）（機関リポジトリ）; https://irdb.nii.ac.jp
• 提供元機関・データベース: 大阪大学 : 大阪大学学術情報庫 桜華