Salience and the Disposition Effect: Evidence from the Introduction of 'Cash-Outs' in Betting Markets.
The disposition effect describes the tendency of investors to sell assets that have increased in value since purchase, and hold those that have not. We analyze the introduction of betting market 'Cash-Outs,' which provide a continual update-and therefore increase the salience-of bettors' paper profi...
| Publicado en: | Southern Economic Journal Vol. 83; no. 4; pp. 1052 - 1074 |
|---|---|
| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Wiley-Blackwell
Apr2017
|
| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |