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Replication data for: Testing for the Disposition Effect on Optimal Stopping Decisions

Version
1
Resource Type
Dataset
Creator
  • Magnani, Jacopo
Publication Date
2015-05-01
Description
  • Abstract

    This paper develops a new laboratory test of the hypothesis that individual investors sell winners too early and ride losers too long. In the experiment, subjects invest in a risky asset, whose price evolves in near-continuous time, and they are provided with the option to liquidate it at a fixed salvage value. Optimal behavior is characterized by an upper and a lower stopping thresholds in the asset price space, thus producing a clear rational benchmark and eliminating known confounds. This design allows me to detect and quantify the disposition effect in a sample of 108 subjects.
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/aer.p20151039 (Text)
Publications
  • Magnani, Jacopo. “Testing for the Disposition Effect on Optimal Stopping Decisions.” American Economic Review 105, no. 5 (May 2015): 371–75. https://doi.org/10.1257/aer.p20151039.
    • ID: 10.1257/aer.p20151039 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-12-07

Magnani, Jacopo (2015): Replication data for: Testing for the Disposition Effect on Optimal Stopping Decisions. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E116306V1