Predicting Contemporary Volume with Historic Volume at Differential Price Level: Prospect Theory vs. Regret Aversion

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contributor.author El Khouri, Ritab en_US
date.accessioned 2009-11-25T12:43:24Z en_US
date.available 2009-11-25T12:43:24Z en_US
date.issued 1995 en_US
identifier.citation Journal of Administrative Sciences and Economics, 1995, Vol. 6, Pages 141-155. en_US
identifier.uri http://hdl.handle.net/10576/6914 en_US
description.abstract This paper studies the behaviour of investors in the Amman Stock Exchange (ASE) through emphasising two behavioural theories: prospect theory and regret aversion theory. Prospect theory predicts disposition to sell winner stocks and ride loser stocks. Regret aversion, on the other hand, explains why investors may have difficulty in realising gains as well as losses. A new methodology is used to examine the relationship between volume at a given point in time and volume that took place in the past at different stock price level. The results support the prospect theory that investors show an inclination to sell shares for which price increased and keep shares for which price decreased. en_US
language.iso en en_US
publisher Qatar University en_US
subject Economics en_US
title Predicting Contemporary Volume with Historic Volume at Differential Price Level: Prospect Theory vs. Regret Aversion en_US
type Article en_US
identifier.pagination 141-155 en_US
identifier.volume 6 en_US


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