@article{92f63da7114e441d8864bd29eaf12da2,
title = "The Disposition Effect and Individual Investor Decisions: The Role of Regret and Counterfactual Alternatives",
author = "Berry, \{Thomas D\} and Suzanne Fogel",
note = "Recent studies have documented a strong tendency for individual investors to delay realizing capital losses, while realizing gains prematurely (Odean [1996], Shefrin and Statman [1985], Weber and Camerer [1996]). This tendency has been termed the {"}disposition effect.{"} The disposition effect is inconsistent with normative approaches to stock sales, such as those based on tax losses (see, for example, Constantinides [1983]).",
year = "2006",
doi = "10.1207/s15427579jpfm0702\_5",
language = "American English",
volume = "7",
journal = "Journal of Behavioral Finance",
issn = "1542-7579",
}