DISPOSITION EFFECT: DO HUNGARIAN INVESTORS KEEP THEIR MISTAKES? Cover Image

DISPOSITION EFFECT: DO HUNGARIAN INVESTORS KEEP THEIR MISTAKES?
DISPOSITION EFFECT: DO HUNGARIAN INVESTORS KEEP THEIR MISTAKES?

Author(s): István Joó, Mihály Ormos
Subject(s): Evaluation research, Financial Markets
Published by: Masarykova univerzita nakladatelství
Keywords: disposition effect; behavioral finance; market efficiency;
Summary/Abstract: In our paper, we examine disposition effect known from behavioral finance, according to investors kept their losing positions too long and close their winning positions too early. Analyzing individual transactions of Hungarian higher education students in 2009 and 2010 –based on realized and non-realized gains and losses – we came to conclusion that investors participating in the researches were inclined to disposition.

  • Page Range: 85-90
  • Page Count: 6
  • Publication Year: 2012
  • Language: English
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