Universität zu Köln

Glätzle-Rützler, Daniela ORCID: 0000-0002-6678-2418, Sutter, Matthias ORCID: 0000-0002-6143-8706 and Zeileis, Achim ORCID: 0000-0003-0918-3766 (2015). No myopic loss aversion in adolescents? - An experimental note. J. Econ. Behav. Organ., 111. S. 169 - 177. AMSTERDAM: ELSEVIER. ISSN 1879-1751

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Abstract

Myopic loss aversion (MLA) has been found to play a persistent role for investment behavior under risk. We study whether MLA is already present during adolescence. Quite surprisingly, we find no evidence of MLA in a sample of 755 adolescents. This finding is at odds with previous findings, and it might be explained by self-selection effects. In other dimensions, however, we are able to replicate stylized findings in our pool of adolescents, such that teams invest higher amounts than individuals and that women invest less than men. (C) 2014 Elsevier B.V. All rights reserved.

Item Type:	Journal Article
Creators:	Creators Email ORCID ORCID Put Code Glätzle-Rützler, Daniela UNSPECIFIED orcid.org/0000-0002-6678-2418 UNSPECIFIED Sutter, Matthias UNSPECIFIED orcid.org/0000-0002-6143-8706 UNSPECIFIED Zeileis, Achim UNSPECIFIED orcid.org/0000-0003-0918-3766 UNSPECIFIED
URN:	urn:nbn:de:hbz:38-406923
DOI:	10.1016/j.jebo.2014.12.021
Journal or Publication Title:	J. Econ. Behav. Organ.
Volume:	111
Page Range:	S. 169 - 177
Date:	2015
Publisher:	ELSEVIER
Place of Publication:	AMSTERDAM
ISSN:	1879-1751
Language:	English
Faculty:	Faculty of Management, Economy and Social Sciences
Divisions:	Center of Excellence C-SEB
Subjects:	Economics
Uncontrolled Keywords:	Keywords Language PROSPECT-THEORY; EQUITY PREMIUM Multiple languages Economics Multiple languages
Refereed:	Yes
URI:	http://kups.ub.uni-koeln.de/id/eprint/40692