Myopic loss aversion when deciding for others and convex bonuses

dc.contributor.advisorSchmitz, Jan
dc.contributor.authorMenting, Antoine
dc.description.abstractMyopic loss aversion (MLA) is provided as explanation of the equity premium puzzle. This research adds a realistic component to the analysis of MLA as such, namely MLA when investing for another without and with convex bonus system for the decision maker. The link between convex bonus systems and MLA is new. This is investigated with use of an online experiment. The findings are as follows. Decision makers display MLA-like investment acting without and with convex bonuses. A convex bonus system appears to have no effect on MLA. However, the findings are not robust to several checks. This is in line with existing literature. Existing literature also displays inconsistency of results. Keywords: Equity premium puzzle Myopic loss aversion Decision making for others Experimenten_US
dc.thesis.facultyFaculteit der Managementwetenschappenen_US
dc.thesis.specialisationFinancial Economicsen_US
dc.thesis.studyprogrammeMaster Economicsen_US
dc.titleMyopic loss aversion when deciding for others and convex bonusesen_US
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