555
Views
5
CrossRef citations to date
0
Altmetric
Research Article

Taking more risk tomorrow: time horizons and investment decisions

, , &

References

  • Barberis, N., and M. Huang. 2008. “The Loss Aversion/narrow Framing Approach to the Stock Market Pricing and Participation Puzzles.” In Handbook of the Equity Risk Premium, edited by R. Mehra, 199–228. Amsterdam: Elsevier.
  • Benartzi, S., and R. H. Thaler. 1995. “Myopic Loss Aversion and the Equity Premium Puzzle.” Quarterly Journal of Economics 110: 73–92. doi:10.2307/2118511.
  • Benartzi, S., and R. H. Thaler. 1999. “Risk Aversion or Myopia? Choices in Repeated Gambles and Retirement Investments.” Management Science 45 (3): 364–381. doi:10.1287/mnsc.45.3.364.
  • Gneezy, U., and J. Potters. 1997. “An Experiment of Risk Taking and Evaluation Periods.” Quarterly Journal of Economics 112: 631–645. doi:10.1162/003355397555217.
  • Haliassos, M., and C. C. Bertaut. 1995. “Why Do so Few Hold Stocks?” Economic Journal 105 (432): 1110–1129. doi:10.2307/2235407.
  • Hjorth, K., and M. Fosgerau. 2011. “Loss Aversion and Individual Characteristics.” Environmental and Resource Economics 49 (4): 573–596. doi:10.1007/s10640-010-9455-5.
  • Kaufmann, C., and M. Weber. 2013. “Sometimes Less Is More – The Influence of Information Aggregation on Investment Decisions.” Journal of Economic Behavior & Organization 95: 20–33. doi:10.1016/j.jebo.2013.08.005.
  • Mehra, R., and E. C. Prescott. 1985. “The Equity Premium: A Puzzle.” Journal of Monetary Economics 15: 145–161. doi:10.1016/0304-3932(85)90061-3.
  • Merton, R. C. 1969. “Lifetime Portfolio Selection under Uncertainty: The Continuous-time Case.” The Review of Economics and Statistics 51: 247–257. doi:10.2307/1926560.
  • Rieger, M. O., M. Wang, and T. Hens. 2014. “Risk Preferences around the World.” Management Science 61 (3): 637–648. doi:10.1287/mnsc.2013.1869.
  • Samuelson, P. A. 1963. “Risk and Uncertainty: A Fallacy of Large Numbers.” Scientia 98: 108–113.
  • Samuelson, P. A. 1969. “Lifetime Portfolio Selection by Dynamic Stochastic Programming.” The Review of Economics and Statistics 51 (3): 239–246. doi:10.2307/1926559.
  • Sharpe, W. F. 1964. “Capital Asset Prices: A Theory of Market Equilibrium under Conditions of Risk.” Journal of Finance 19: 425–442.
  • Shefrin, H., and M. Statman. 1984. “Explaining Investor Preference for Cash Dividends.” Journal of Financial Economics 13: 253–282. doi:10.1016/0304-405X(84)90025-4.
  • Shefrin, H., and R. H. Thaler. 1988. “The Behavioral Life-cycle Hypothesis.” Economic Inquiry 26 (1988): 609–643. doi:10.1111/j.1465-7295.1988.tb01520.x.
  • Thaler, R., A. Tversky, D. Kahneman, and A. Schwartz. 1997. “The Effect of Myopia and Loss Aversion on Risk Taking: An Experimental Test.” Quarterly Journal of Economics 112 (2): 647–661. doi:10.1162/003355397555226.
  • Thaler, R., and C. R. Sunstein. 2008. Nudge: Improving Decisions about Health, Wealth, and Happiness. New Haven, CT: Yale University.
  • Thaler, R. H. 1999. “Mental Accounting Matters.” Journal of Behavioural Decision Making 12: 183–206. doi:10.1002/(SICI)1099-0771(199909)12:3<83::aid-bdm318>3.0.CO;2-F
  • Thaler, R. H., and S. Benartzi. 2004. “Save More Tomorrow: Using Behavioral Economics to Increase Empolyee Saving.” Journal of Political Economy 111: 164–187. doi:10.1086/380085.
  • Wang, M., M. O. Rieger, and T. Hens. 2017. “The Impact of Culture on Loss Aversion.” Journal of Behavioral Decision Making 30: 270–281. doi:10.1002/bdm.1941.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.