Behavior in a simplified stock market: the status quo bias, the disposition effect and the ostrich effect

Author:

Brown Alexander L.,Kagel John H.

Publisher

Springer Science and Business Media LLC

Subject

General Economics, Econometrics and Finance,Finance

Reference14 articles.

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2. Bodner, R., Prelec, D.: Self-signaling and diagnostic utility in everyday decision-making. In: Brocas, J., Carrillo, J.D. (eds.) The Psychology of Economic Decisions, vol. i. Rationality and well-being. Oxford: Oxford University Press (2002)

3. Chui P.M.W. (2001). An experimental study of the disposition effect: evidence from Macau. J Psychol Financ Markets 2: 216–222

4. Galai D. and Sade O. (2006). The “ostrich effect” and the relationship between the liquidity and yields of financial assets. J Bus 79: 2741–2759

5. Kahneman D. and Tversky A. (1979). Prospect theory: an analysis of decision under risk. Econometrica 47: 263–291

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