The disposition effect - empirical evidence on purchases of investor magazines
Authors:
Dirk Czarnitzk a;
Georg Stadtmann b
| Affiliations: | a Centre for European Economic Research (ZEW), 68304 Mannheim, Germany |
b Wissenschaftliche Hochschule f r Unternehmensf hrung (WHU), Burgplatz 2, 56179 Vallendar, Germany |
DOI:
10.1080/1744654042000296871
Publication Frequency:
6 issues per year
Subjects:
Economics;
Macroeconomics;
Number of References: 22
Formats available:
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(English)
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PDF
(English)
Now published as: Applied Economics Letters
The circumstances under which this title is published have changed:
Reason for change: Merged
Date of change: 2009
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Abstract
Financial investors tend to sell winners too early and ride losers too long. Therefore, demand for financial advice should be high in a bull market and low in a bear market. This hypothesis is tested and a positive relation is found between the sales of investor magazines and the development of the stock market.
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