Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/73888
Authors: 
Glätzle-Rützler, Daniela
Sutter, Matthias
Zeileis, Achim
Year of Publication: 
2013
Series/Report no.: 
Working Papers in Economics and Statistics 2013-07
Abstract: 
Myopic loss aversion (MLA) has been found to play a persistent role for investment behavior under risk. We study whether MLA is already present during adolescence. Quite surprisingly, we find no evidence of MLA in a sample of 755 adolescents. This finding is at odds with previous findings, and it might be explained by self-selection effects. In other dimensions, however, we are able to replicate stylized findings in our pool of adolescents, such that teams invest higher amounts than individuals and that women invest less than men.
Subjects: 
myopic loss aversion
experiment
adolescents
team-decision making
JEL: 
C91
D03
Document Type: 
Working Paper

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