Fully Closed: Individual Responses to Realized Gains and Losses

Meyer, Steffen; Pagel, Michaela

doi:10.1111/jofi.13122

Cited by 19 publications

(7 citation statements)

References 100 publications

(160 reference statements)

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“…Moreover, there is evidence that the learning process followed by agents is not as smooth as we would like, since agents also have cognition biases. For example, there is evidence that agents assign more weight to negative news than positive (Meyer and Pagel, 2021). In addition, agents may stop paying attention to new information that contradicts their previous personal opinions (i.e., there is a confirmatory bias;…”

Section: Hypothesesmentioning

confidence: 99%

Blue-Collar Crime and Finance

Bernales

Beuermann

Cumming

et al. 2023

Journal of International Financial Markets, Institutions and Mo

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Section: Hypothesesmentioning

confidence: 99%

Blue-Collar Crime and Finance

Bernales

Beuermann

Cumming

et al. 2023

Journal of International Financial Markets, Institutions and Mo

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“…Several previous researchers have carried out international and national studies related to loss accounting. For example, on an international scale, there are (Meyer & Pagel, 2022) through research on "Fully Closed: Individual Responses to Realized Gains and Losses". The analysis indicates that when faced with a forced sale resulting in a profit, individuals tend to reinvest 83%, while in the case of a loss, the investment rate only reaches 40%.…”

Section: Local Cultural Values "Dilla Bo Ilaato Binthe Wawu Pale" In ...mentioning

confidence: 99%

Harmonizing Loss Accounting with Local Cultural and Religious Principles

Mohamad,

Paputungan,

Monantun

et al. 2023

IJIBEC

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This research aims to construct loss accounting practices by "binthe biluhuta" sellers based on local wisdom and religious values. This study uses a spiritual paradigm with an Islamic ethnomethodological approach. This approach develops modern ethnomethodology under a secular (interpretive) paradigm. The author conducted observations and interviews with residents to obtain local cultural data. The data obtained was validated using the source triangulation method. The study found that sharing, among others, is a seller's way of avoiding losses. In Gorontalo's Islamic culture, elders often convey these values through advice dilla bo ilaato binthe wawu pale—the meaning of the family statement. The results of this study indicate that the loss accounting implemented by binthe biluhuta sellers is not limited to material things (money) but conditions with local cultural values and faith in the Creator. The theoretical implication of the results of this study is that local wisdom contained in loss accounting implemented by binthe biluhuta sellers can be combined with loss accounting theory to make it more holistic. The concept of loss accounting by binthe biluhuta can be used by sellers with a materialist, humanist, and religious spirit when building a business.

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“…Overconfidence is a psychological bias that can lead to investor behaviors such as excessive trading and excessive risk taking. This link between the disposition effect and investor overconfidence could help explain why retail investors tend to re-invest more after realized gains and tend to reduce their risk and stock market participation af-ter realized losses (Meyer and Pagel, 2022). In addition, the connection between the disposition effect and investor overconfidence suggests that reducing the disposition effect could also reduce overconfidence.…”

Section: Introductionmentioning

confidence: 97%