Arbeitspapier

The effect of anticipated and experienced regret and pride on investors' future selling decisions

This paper investigates the effect of anticipated/experienced regret and pride on individual investors' decisions to hold or sell a winning or losing investment, in the form of the disposition effect. As expected the results suggest that in the loss domain, low anticipated regret predicts a greater probability of selling a losing investment. While in the gain domain, high anticipated pride indicates a greater probability of selling a winning investment. The effects of high experienced regret/pride on the selling probability are found as well. An unexpected finding is that regret (pride) seems to be not only relevant for the loss (gain) domain, but also for the gain (loss) domain. In addition, this paper presents evidence of interconnectedness between anticipated and experienced emotions. The authors discuss the implications of these findings and possible avenues for further research.

Sprache
Englisch

Erschienen in
Series: CFS Working Paper ; No. 2012/17

Klassifikation
Wirtschaft
Thema
Regret
Pride
Disposition Effect
Risky Decision

Ereignis
Geistige Schöpfung
(wer)
Lee, Carmen
Kräussl, Roman
Paas, Leo
Ereignis
Veröffentlichung
(wer)
Goethe University Frankfurt, Center for Financial Studies (CFS)
(wo)
Frankfurt a. M.
(wann)
2012

Handle
URN
urn:nbn:de:hebis:30:3-286329
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Lee, Carmen
  • Kräussl, Roman
  • Paas, Leo
  • Goethe University Frankfurt, Center for Financial Studies (CFS)

Entstanden

  • 2012

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