Investor Logins and the Disposition Effect
(2024)
Journal Article
Quispe-Torreblanca, E., Gathergood, J., Loewenstein, G., & Stewart, N. (in press). Investor Logins and the Disposition Effect. Management Science, https://doi.org/10.1287/mnsc.2022.00359
Using data from an online brokerage, we examine the role of investor logins in trading behavior. We nd that a new reference point is created when an investor logs in and views their portfolio. We observe this as a disposition eeect on returns since l... Read More about Investor Logins and the Disposition Effect.