Waning vigilance and the disposition effect: Evidence from Thailand on individual investor decision making

DeWeaver, Mark A.; Shannon, Randall

doi:10.1016/j.socec.2009.08.001

Cited by 5 publications

(1 citation statement)

References 12 publications

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“…This is where home owners are affected by reference points such as purchace price, and are unable to cope selling their house at a loss. In other words, investors tend to be too willing to sell high return assets but too unwilling to sell lossmaking asset; investors are risk aversion when in profit, risk loving when in loss [31]. (7).…”

Section: Behavioral Financementioning

confidence: 99%

Behavioral Finance as An Alternative Concept in Investor-Related Risk for Residential Projects : A Literature Review

Sutantio

Wiguna

2017

IJPS

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Stakeholder is a very important factor for project success. As part of external and the most influential project stakeholder, investor as a market agent, with embedded needs, preferences and behavior might become critical project risks and should be identified and managed properly as a key project objective. This paper investigates previous studies to examine and to understand the mechanisms of investor's economic behavior as the risk factor and its impact for the development of residential project. Traditional financial theory in the past decades generally emphasizes the rational model in investor's decision-making without involving emotional aspect of behavior. Recently there are many scientists proposed the theory of behavioral finance which combines insight from psychology and sociology into finance and investment with the market fundamental perspective. Based on the review, we conclude that behavioral finance can be considered as an alternative concept in assessing residential project risk especially in economic volatility.

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Section: Behavioral Financementioning

confidence: 99%

Behavioral Finance as An Alternative Concept in Investor-Related Risk for Residential Projects : A Literature Review

Sutantio

Wiguna

2017

IJPS

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Um Ensaio Sobre O Efeito Disposição Na Realização De Ganhos E Perdas Em Investimentos

Braga¹,

Fávero²

2016

ASAA Journal

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The disposition effect is related to the tendency that people make faster gains than losses. Since seminal and precursor published studies in the field, lots of researches were performed on the subject and show that the disposition effect seems to be far from being fully explained. Because of this apparent lack of consensus on the subject, this essay presents an analysis of scientific literature on the disposition effect in the period between 2010 and 2014, continuing a previous research that presented a survey on the disposition effect between 1985 and 2009. Through an empirical-analytical methodology, we carried out an analysis of thirty-six works on disposition effect published in national and international journals, and the results are presented and discussed through tables, graphs and scientific networks. The findings show that, recently, there is a change in methodological procedures to investigate the theme, with the introduction of new statistical models and new types of observation of the phenomenon, what allows one to better understand the decision making process on investments.

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Portfolio Risk Choices of Finance Sector Professionals in Turkey

Öztürkkal

Akkemik

2013

SSRN Journal

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Waning vigilance and the disposition effect: Evidence from Thailand on individual investor decision making

Cited by 5 publications

References 12 publications

Behavioral Finance as An Alternative Concept in Investor-Related Risk for Residential Projects : A Literature Review

Behavioral Finance as An Alternative Concept in Investor-Related Risk for Residential Projects : A Literature Review

Um Ensaio Sobre O Efeito Disposição Na Realização De Ganhos E Perdas Em Investimentos

Portfolio Risk Choices of Finance Sector Professionals in Turkey

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