Disposition Effect and Gender

Newton Da Costa Jr, Federal University of Santa Catarina
Carlos Mineto, Pontifical Catholic University of Parana
Sergio Da Silva, Federal University of Santa Catarina

Abstract

Investors seem to hold on to their losing stocks to a greater extent than they hold on to their winning stocks. This well-document behavioral regularity is termed disposition effect. We set an experiment to replicate results from a previous study of the disposition effect, and further show that a subject’s gender may interfere with the effect’s detection.