Myopic Loss Aversion under Ambiguity and Gender Effects

Inigo Iturbe-Ormaetxe, Giovanni Ponti () and Josefa Tomás
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Josefa Tomás: Universidad de Alicante

Working Papers. Serie AD from Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie)

Abstract: Experimental evidence suggests that the frequency with which individuals get feedback information on their investments has an effect on risk-taking behavior. In particular, when they are given information sufficiently often, they take fewer risks compared with a situation in which they are informed less frequently. In this paper we find that this result still holds when subjects do not know the probabilities of the lotteries they are betting upon. We also detect significant gender effects, in that the frequency with which information is disclosed mostly affects men’s betting behavior, rather than women’s, and that men are much more risk-seeking after experiencing a loss.

Keywords: Myopic loss aversion; evaluation periods; ambiguity; gender effects (search for similar items in EconPapers)
JEL-codes: C91 D14 D81 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2013-07
New Economics Papers: this item is included in nep-cbe, nep-dem, nep-exp and nep-upt
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http://www.ivie.es/downloads/docs/wpasad/wpasad-2013-05.pdf Fisrt version / Primera version, 2013 (application/pdf)

Related works:
Journal Article: Myopic Loss Aversion under Ambiguity and Gender Effects (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:ivi:wpasad:2013-05

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