This Time Is Different: On Similarity and Risk Taking After Experienced Gains and Losses – Online Appendix -

2020 ◽  
Author(s):  
Steve Heinke
1964 ◽  
Author(s):  
Jerome L. Myers ◽  
Mary M. Suydam ◽  
Blase Gambino
Keyword(s):  

1969 ◽  
Vol 40 (1) ◽  
pp. 245
Author(s):  
Marcia Rosenfeld ◽  
Beatrice Copeland ◽  
Mary M. Suydam

2009 ◽  
Vol 44 (1) ◽  
pp. 155-188 ◽  
Author(s):  
Paul G. J. O’Connell ◽  
Melvyn Teo

AbstractUsing a proprietary database of currency trades, this paper explores the effects of trading gains and losses on risk-taking among large institutional investors. We find that institutional investors, unlike individuals, are not prone to the disposition effect. Instead, institutions aggressively reduce risk following losses and mildly increase risk following gains. This asymmetry is more pronounced later in the calendar year and among older and more experienced funds. We show that such performance dependence is consistent with dynamic loss aversion (Barberis, Huang, and Santos (2001)) and overconfidence. In addition, prior institutional gains and losses have palpable implications for future prices.


1965 ◽  
Vol 2 (2) ◽  
pp. 363-370 ◽  
Author(s):  
Jerome L. Myers ◽  
Mary M. Suydam ◽  
Blase Gambino
Keyword(s):  

2012 ◽  
Vol 6 ◽  
Author(s):  
Irwin P. Levin ◽  
Gui Xue ◽  
Joshua A. Weller ◽  
Martin Reimann ◽  
Marco Lauriola ◽  
...  
Keyword(s):  

Sign in / Sign up

Export Citation Format

Share Document