At the Top of the Mind: Peak Prices and the Disposition Effect
(2024)
Journal Article
Quispe-Torreblanca, E., Hume, D., Gathergood, J., Loewenstein, G., & Stewart, N. (in press). At the Top of the Mind: Peak Prices and the Disposition Effect. Journal of Political Economy Microeconomics,
The disposition effect is the reluctance to sell assets at a loss relative to a salient point of reference, typically assumed to be the purchase price. Using data on stocks and housing sales, we show that the peak price achieved by an asset during th... Read More about At the Top of the Mind: Peak Prices and the Disposition Effect.