The effect of myopia and loss aversion on risk taking: An experimental test

Quarterly Journal of Economics

Volumn 112, Issue 2, 1997, Pages 646-661

  Thaler, Richard H ^a   Tversky, Amos ^a   Kahneman, Daniel ^a   Schwartz, Alan ^a  

^a NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0040833096     PISSN: 00335533     EISSN: None     Source Type: Journal    
DOI: 10.1162/003355397555226     Document Type: Article

References (12)

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2. Benartzi, Shlomo, and Richard H. Thaler, "Risk Aversion or Myopia: The Fallacy of Small Numbers and Its Implications for Retirement Savings," UCLA working paper, 1996.
3. Gneezy, Uri, and Jan Potters, "An Experimental Test on Risk Taking and Evaluations Periods," Quarterly Journal of Economics, CXII (1997), 631-45.
4. Kahneman, Daniel, Jack Knetsch, and Richard H. Thaler, "Experimental Tests of the Endowment Effect and the Coase Theorem," Journal of Political Economy, XCVIII (1990), 1325-48.
5. Kahneman, Daniel, and Dan Lovallo, "Timid Choices and Bold Forecasts: A Cognitive Perspective on Risk Taking," Management Science, XXXIX (1993), 17-31.
6. Kahneman, Daniel, Peter P. Wakker, and Rakesh Sarin, "Back to Bentham? Explorations of Experienced Utility," Quarterly Journal of Economics, CXII (1997), 375-405.
7. Mehra, Rajnish, and Edward C. Prescott, "The Equity Premium: A Puzzle," Journal of Monetary Economics, XV (1985), 145-62.
8. Samuelson, Paul A., "Risk and Uncertainty: A Fallacy of Large Numbers," Scientia, XCVIII (1963), 108-13.
9. Shafir, Eldar, Peter Diamond, and Amos Tversky, "Money Illusion," Quarterly Journal of Economics, CXII (1997), 341-374.
10. Siegel, Jeremy, and Richard H. Thaler, "Anomalies: The Equity Premium Puzzle," Journal of Economics Perspectives, XI (1997), 191-200.
11. Tversky, Amos, and Daniel Kahneman, "Advances in Prospect Theory: Cumulative Representation of Uncertainty," Journal of Risk and Uncertainty, V (1992), 297-323.
12. Weil, Philippe, "The Equity Premium Puzzle and the Risk-Free Rate Puzzle," Journal of Monetary Economics, XXIV (1989), 401-21.