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Behavioral finance / Decision theory / Consumer behaviour / Financial markets / Disposition effect / Prospect theory / Behavioral economics / Loss aversion / Capital gains tax / Finance / Economics / Financial economics


Prospect Theory and the Disposition Effect Markku Kaustia∗ Abstract This paper shows that prospect theory is unlikely to explain the disposition effect. Prospect theory predicts that the propensity to sell a stock decl
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Document Date: 2014-06-10 02:03:30


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File Size: 182,04 KB

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