Reference Point Adaptation and Disposition Effect
This paper investigates the importance of reference point adaptation in the analysis of the disposition effect. We consider two exogenous factors pertinent to reference point adaptation: prior outcome and recent expectation of future outcome. We show that the incidence of the disposition effect vari...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2013
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/3785 https://ink.library.smu.edu.sg/context/lkcsb_research/article/4784/viewcontent/7.pdf |
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| Institution: | Singapore Management University |
| Language: | English |