Why Do Investors Trade? A Realization Utility Explanation
Finance and Accounting MeMOS (2014) 1 (1): 10-13.
6 Pages Posted: 27 Feb 2013 Last revised: 16 Jan 2014
Date Written: February 26, 2013
This short note provides a non-technical summary of our Review of Financial Studies paper, 'Realization Utility with Reference-Dependent Preferences'.
Keywords: realization utility, diminishing sensitivity, disposition effect
JEL Classification: G02, G11, G12
Suggested Citation: Suggested Citation