Individual trading behavior: the disposition effect
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| Main Author: | |
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| Format: | Thesis Book |
| Language: | English |
| Published: |
2007
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| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | IV, 113 S. graph. Darst. |
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Record in the Search Index
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| adam_text | INDIVIDUAL TRADING BEHAVIOR THE DISPOSITION EFFECT DISSERTATION FOR THE
FACULTY OF ECONOMICS, BUSINESS ADMINISTRATION AND INFORMATION TECHNOLOGY
OF THE UNIVERSITY OF ZURICH TO ACHIEVE THE TITLE OF DOCTOR OF ECONOMICS
PRESENTED BY MARTIN VLCEK FROM WINTERTHUR APPROVED AT THE REQUEST OF
PROF. DR. THORSTEN HENS PROF. DR. MEI WANG CONTENTS ACKNOWLEDGMENTS ** I
1 INTRODUCTION 1 2 PORTFOLIO CHOICE AND PROSPECT THEORY 5 2.1
INTRODUCTION 5 2.2 THE MODEL 8 2.3 RESULTS : 10 2.3.1 FIRST PERIOD 10
2.3.2 SECOND PERIOD 14 2.4 CONCLUSIONS 30 2.5 APPENDIX 32 2.5.1 OPTIMAL
ASSET ALLOCATION IN T=0 32 2.5.2 OPTIMAL ASSET ALLOCATION OF THE
INVESTOR WHOSE REFERENCE POINT IS HIS CURRENT WEALTH 36 2.5.3 OPTIMAL
ASSET ALLOCATION IN T=U OF THE INVESTOR WHOSE REFERENCE POINT IS HIS
INITIAL WEALTH 36 2.5.4 OPTIMAL ASSET ALLOCATION IN T=D OF THE INVESTOR
WHOSE REFERENCE POINT IS HIS INITIAL WEALTH 39 3 PROSPECT THEORY AND THE
DISPOSITION EFFECT 45 3.1 INTRODUCTION 45 3.2 THE MODEL 48 3.3 RESULTS
53 3.3.1 THE EX-POST DISPOSITION EFFECT, 54 III 3.3.2 THE TRUE
DISPOSITION EFFECT 59 3.3.3 ANY DEGREE OF INVESTMENT 62 3.4 DISCUSSION
63 3.5 CONCLUSIONS 66 3.6 APPENDIX 66 3.6.1 PROOF OF PROPOSITION 3.1 66
3.6.2 PROOF OF PROPOSITION 3.2 69 4 THE DISPOSITION EFFECT IN THE LAB 71
4.1 INTRODUCTION 71 4.2 EXPERIMENTS 74 4.2.1 THE LOTTERY EXPERIMENT 75
4.2.2 THE FINANCIAL MARKET EXPERIMENTS 77 4.3 RESULTS . 80 4.3.1
PREFERENCE PARAMETERS 80 4.3.2 INVESTMENT DECISIONS 83 4.4 DISCUSSION 94
4.4.1 ROBUSTNESS 94 4.4.2 JUSTIFICATIONS 98 4.4.3 EXPLANATIONS FOR THE
DISPOSITION EFFECT 99 4.5 CONCLUSIONS 101 4.6 APPENDIX 101 4.6.1
PROSPECT THEORY 101 4.6.2 ALGORITHM 102 4.6.3 A G VS. A L 102 4.6.4
INCONSISTENT ANSWERS 103 BIBLIOGRAPHY 105 LIST OF FIGURES 109 LIST OF
TABLES 111 CURRICULUM VITAE 113
|
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| bvnumber | BV036015635 |
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| ctrlnum | (OCoLC)549268378 (DE-599)BVBBV036015635 |
| discipline | Wirtschaftswissenschaften |
| format | Thesis Book |
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| indexdate | 2024-07-09T22:09:33Z |
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| language | English |
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| spelling | Vlček, Martin Verfasser aut Individual trading behavior the disposition effect by Martin Vlcek 2007 IV, 113 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Zürich, Univ., Diss., 2007 Private Investition (DE-588)4454409-1 gnd rswk-swf Prospect-Theorie (DE-588)4399211-0 gnd rswk-swf Investitionsentscheidung (DE-588)4162244-3 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Private Investition (DE-588)4454409-1 s Investitionsentscheidung (DE-588)4162244-3 s Prospect-Theorie (DE-588)4399211-0 s DE-604 GBV Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=018907853&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Vlček, Martin Individual trading behavior the disposition effect Private Investition (DE-588)4454409-1 gnd Prospect-Theorie (DE-588)4399211-0 gnd Investitionsentscheidung (DE-588)4162244-3 gnd |
| subject_GND | (DE-588)4454409-1 (DE-588)4399211-0 (DE-588)4162244-3 (DE-588)4113937-9 |
| title | Individual trading behavior the disposition effect |
| title_auth | Individual trading behavior the disposition effect |
| title_exact_search | Individual trading behavior the disposition effect |
| title_full | Individual trading behavior the disposition effect by Martin Vlcek |
| title_fullStr | Individual trading behavior the disposition effect by Martin Vlcek |
| title_full_unstemmed | Individual trading behavior the disposition effect by Martin Vlcek |
| title_short | Individual trading behavior |
| title_sort | individual trading behavior the disposition effect |
| title_sub | the disposition effect |
| topic | Private Investition (DE-588)4454409-1 gnd Prospect-Theorie (DE-588)4399211-0 gnd Investitionsentscheidung (DE-588)4162244-3 gnd |
| topic_facet | Private Investition Prospect-Theorie Investitionsentscheidung Hochschulschrift |
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