The effect Feedback information and investment flexibility on myopia loss

Abstract

Indicate theory of probability (Kahneman& Tversky:1979) that people tend to think the possible outcomes associated with a point specific reference and not the final status.
In addition to that they have a look of loss is different from their perception of profit, as generally care about the potential losses more than potential profits. (Thaler & Benartzi 1995) have merged between the myopic loss averse (MLA) and mental accounting in interpreting the property puzzle.
(Potters & Gneezy1997) have found that a Increased information feedback frequency Has risen size of the bet and vice versa. Thus, the idea of this study was coming from the above experiments in attempting to know whether what the impact on the behaviors of investment strategies in the process of decision-making the information , and feedback frequency effect on the myopic loss averse . aims to know whether there are professional differences between people lead to significant differences in the tendency of myopic loss averse. Finally, it aims to know whether males are more or less inclined to myopic loss averse in the investment decision-making strategy than females. By using the experimental approach, use financial and statistical methods (Mann-Whitney test included) , the study reached to number of conclusions , most important among them: the frequency level impact of information feedback effects on the size of the bet. the size of the bet does not correlated with the adjustment of investment flexibility. the specialists in the field of finance have a relatively less tendency toward myopic loss averse .when comparing women with men, it turns out that they have a great tendency toward myopic loss aversion.