Asymmetric learning and the disposition effect

Yongkil Ahn

doi:10.1016/j.econlet.2020.109080

Asymmetric learning and the disposition effect

Yongkil Ahn

Dept. of Business Administration

Research output: Contribution to journal › Article › peer-review

2 Scopus citations

Abstract

I analyze the complete trading records and investor experience survey answers of 230,891 retail investors in Korea and find that individual investors learn more in the gain domain than in the loss domain. This asymmetric learning effect causes the magnitude of the disposition effect to diminish over time.

Original language	English
Article number	109080
Journal	Economics Letters
Volume	190
DOIs	https://doi.org/10.1016/j.econlet.2020.109080
State	Published - May 2020

Keywords

Asymmetric learning
Counterfactual thinking
Disposition effects
Field study

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10.1016/j.econlet.2020.109080

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title = "Asymmetric learning and the disposition effect",

abstract = "I analyze the complete trading records and investor experience survey answers of 230,891 retail investors in Korea and find that individual investors learn more in the gain domain than in the loss domain. This asymmetric learning effect causes the magnitude of the disposition effect to diminish over time.",

keywords = "Asymmetric learning, Counterfactual thinking, Disposition effects, Field study",

author = "Yongkil Ahn",

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year = "2020",

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doi = "10.1016/j.econlet.2020.109080",

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Asymmetric learning and the disposition effect

Abstract

Keywords

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