Article ID Journal Published Year Pages File Type
7243317 Journal of Economic Behavior & Organization 2015 8 Pages PDF
Abstract
Myopic loss aversion (MLA) has been found to play a persistent role for investment behavior under risk. We study whether MLA is already present during adolescence. Quite surprisingly, we find no evidence of MLA in a sample of 755 adolescents. This finding is at odds with previous findings, and it might be explained by self-selection effects. In other dimensions, however, we are able to replicate stylized findings in our pool of adolescents, such that teams invest higher amounts than individuals and that women invest less than men.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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