| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 973653 | Pacific-Basin Finance Journal | 2013 | 14 Pages |
Abstract
⺠The effect of house money on the risk-taking behavior is investigated. ⺠The relationship between prior gains and the change in risk taking is examined. ⺠When gains are more substantial, individuals tend to take greater risk. ⺠The propensity for risk taking following gains diminishes with time. ⺠The salient reference point for gains is the highest price attained previously.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Yuan-Lin Hsu, Edward H. Chow,