Investors tend to favor stocks that performed well over the past 3–5 years, but losers tend to outperform winners by 30% over subsequent years due to regression to the mean, according to De Bondt and Thaler (1985).

Authors

• Person: Not available Organization: Frontiers in Psychology
  The Impact of Cognitive Biases on Professionals' Decision-Making

Sources

• The Impact of Cognitive Biases on Professionals' Decision-Making www.frontiersin.org Frontiers in Psychology via serper

Referenced by nodes (1)

• stocks concept