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Applied Economics Letters Volume 23, 2016 - Issue 14
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Original Articles

Prior investment outcomes and stock investment in defined contribution plans

Rui YaoDepartment of Personal Financial Planning, University of Missouri, Columbia, MO, USACorrespondence[email protected]
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Shan LeiDepartment of Accounting, Economics & Finance, West Texas A&M University, Canyon, TX, USAView further author information
Pages 999-1002 | Published online: 29 Dec 2015

References

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  • Duxbury, D., R. Hudson, K. Keasey, Z. Yang, and S. Yao. 2013. “How Prior Realized Outcomes Affect Portfolio Decisions.” Review of Quantitative Finance and Accounting 41 (4): 611–629. doi:10.1007/s11156-012-0325-9.
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  • Lei, S., and R. Yao. 2015. “Factors Related to Making Investment Mistakes in a Down Market.” Journal of Personal Finance 14 (2): 34–42.
  • Papke, L. E. 2004. “Individual Financial Decisions in Retirement Saving Plans: The Role of Participant-Direction.” Journal of Public Economics 88 (1–2): 39–61. doi:10.1016/S0047-2727(02)00074-9.
  • Statman, M., S. Thorley, and K. Vorkink. 2006. “Investor Overconfidence and Trading Volume.” Review of Financial Studies 19 (4): 1531–1565. doi:10.1093/rfs/hhj032.
  • Thaler, R. H., and E. J. Johnson. 1990. “Gambling with the House Money and Trying to Break Even: The Effects of Prior Outcomes on Risky Choice.” Management Science 36 (6): 643–660. doi:10.1287/mnsc.36.6.643.
  • US Department of Labor Employee Benefits Security Administration. December 2014. Private Pension Plan Bulletin Historical Tables and Graphs. http://www.dol.gov/ebsa/pdf/historicaltables.pdf.
  • Yao, R., J. Ying, and L. Micheas. 2013. “Determinants of Defined Contribution Plan Deferral.” Family and Consumer Sciences Research Journal 42 (1): 55–76. doi:10.1111/fcsr.12038.

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