Myopic Loss Aversion under Ambiguity and Gender Effects

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Title: Myopic Loss Aversion under Ambiguity and Gender Effects
Authors: Iturbe-Ormaetxe, Iñigo | Ponti, Giovanni | Tomás Lucas, Josefa
Research Group/s: Economía Laboral y Econometría (ELYE) | Microeconomía Aplicada (GIMA) | Análisis Económico
Center, Department or Service: Universidad de Alicante. Departamento de Fundamentos del Análisis Económico
Keywords: Myopic loss aversion | Evaluation periods | Ambiguity | Gender effects
Knowledge Area: Fundamentos del Análisis Económico
Issue Date: 14-Dec-2016
Publisher: Public Library of Science (PLoS)
Citation: Iturbe-Ormaetxe I, Ponti G, Tomás J (2016) Myopic Loss Aversion under Ambiguity and Gender Effects. PLoS ONE 11(12): e0161477. doi:10.1371/journal.pone.0161477
Abstract: Experimental evidence suggests that the frequency with which individuals get feedback information on their investments has an effect on their risk-taking behavior. In particular, when they are given information sufficiently often, they take less risks compared with a situation in which they are informed less frequently. 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 male betting behavior, and that males become more risk-seeking after experiencing a loss.
Sponsor: Financial support from the Spanish Ministry of Economic Development (grants ECO2012-34928, ECO2015-65820-P), Italian Ministry of University and Research (MIUR, grant PRIN 20103S5RN3 002), Generalitat Valenciana (Research Projects Grupos 3/086 and PROMETEO/2013/037), and Instituto Valenciano de Investigaciones Económicas (IVIE) is gratefully acknowledged.
URI: http://hdl.handle.net/10045/61569
ISSN: 1932-6203
DOI: 10.1371/journal.pone.0161477
Language: eng
Type: info:eu-repo/semantics/article
Rights: © 2016 Iturbe-Ormaetxe et al. This is an open access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
Peer Review: si
Publisher version: http://dx.doi.org/10.1371/journal.pone.0161477
Appears in Collections:INV - GIMA - Artículos de Revistas
INV - ELYE - Artículos de Revistas
INV - Análisis Económico - Artículos de Revistas

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