Myopic loss aversion, a key concept of prospect theory, can account for the equity premium puzzle, which is the excessively high difference between equity returns and the return of Treasury bills.

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)

• Prospect Theory concept