Can Myopic Loss Aversion Explain the Equity Premium Puzzle? Evidence from a Natural Field Experiment with Professional Traders

In by Manuel Monti-NussbaumSeptember 2, 2016

Finance

Can Myopic Loss Aversion Explain the Equity Premium Puzzle? Evidence from a Natural Field Experiment with Professional Traders

Francis Larson, John A. List and Robert D. Metcalfe

This paper presents empirical evidence supporting myopic loss aversion as an explanation for the equity premium puzzle in financial decision-making.

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