The impact of feedback frequency on risk taking : how general ist the phenomenon?


Langer, Thomas ; Weber, Martin


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URL: https://ub-madoc.bib.uni-mannheim.de/2819
URN: urn:nbn:de:bsz:180-madoc-28196
Document Type: Working paper
Year of publication: 2000
The title of a journal, publication series: Rationalitätskonzepte, Entscheidungsverhalten und ökonomische Modellierung
Volume: 00-49
Place of publication: Mannheim
Publication language: English
Institution: School of Law and Economics > Sonstige - Fakultät für Rechtswissenschaft und Volkswirtschaftslehre
MADOC publication series: Sonderforschungsbereich 504 > Rationalitätskonzepte, Entscheidungsverhalten und ökonomische Modellierung (Laufzeit 1997 - 2008)
Subject: 330 Economics
Subject headings (SWD): Risikoverhalten , Anlageverhalten , Mikroökonomie , Verhalten , Entscheidung bei Risiko
Keywords (English): Myopic loss aversion , feedback, repeated investment decisions , risk taking
Abstract: In a recent QJE-article, Gneezy and Potters (1997) present experimental evidence for the impact of feedback frequency on individual risk taking behavior in repeated investment decisions. They find an increased willingness to invest into a risky asset if less frequent feedback about the outcome of previous investments is provided. The observed decision pattern is explained by myopic loss aversion, a combination of mental accounting and loss aversion. In this note, we argue that the findings of Gneezy and Potters on the relationship between feedback frequency and risk taking are not as general as they might seem. We provide theoretical arguments and experimental evidence to demonstrate that the reported phenomenon is not robust to changes in the risk profiles of the given investment options.
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Dieser Eintrag ist Teil der Universitätsbibliographie.

Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Langer, Thomas ; Weber, Martin (2000) The impact of feedback frequency on risk taking : how general ist the phenomenon? Open Access Rationalitätskonzepte, Entscheidungsverhalten und ökonomische Modellierung Mannheim 00-49 [Working paper]
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