The Effect of Myopia and Loss Aversion on Risk Taking: An Experimental Test
实验检验近视损失厌恶的两个推论：减少评估频率或消除损失能提高风险承担意愿，且频繁反馈的投资者承担风险最小、赚得最少。
Myopic loss aversion is the combination of a greater sensitivity to losses than to gains and a tendency to evaluate outcomes frequently. Two implications of myopic loss aversion are tested experimentally. 1. Investors who display myopic loss aversion will be more willing to accept risks if they evaluate their investments less often. 2. If all payoffs are increased enough to eliminate losses, investors will accept more risk. In a task in which investors learn from experience, both predictions are supported. The investors who got the most frequent feedback (and thus the most information) took the least risk and earned the least money.