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The disposition effect in a scopic regime: Data from a laboratory experiment.
Minh-Lý Liêu1, Matthias Pelster1
1Paderborn University, Warburger Str. 100, Paderborn 33098, Germany.
Data in Brief
|June 4, 2020
Summary
This study introduces a new dataset on the disposition effect in a scopic regime. It examines how social comparisons influence investor decision-making in a stock trading game.
Area of Science:
- Behavioral Economics
- Financial Psychology
Background:
- The disposition effect describes investors' tendency to sell winning stocks too early and hold losing stocks too long.
- A scopic regime involves observing others' actions, potentially influencing individual behavior.
Purpose of the Study:
- To present a novel dataset on the disposition effect under conditions of social comparison.
- To facilitate testing of theories regarding the influence of peer performance on investment decisions.
Main Methods:
- A laboratory experiment involving 81 participants in an incentivized stock trading game.
- Computerized simulation using oTree, allowing participants to view peer trading performance via two ranking systems.
Main Results:
- The dataset captures individual trading decisions alongside social comparison information.
- Enables empirical analysis of how observing peer performance affects the disposition effect.
Conclusions:
- The collected data provides a valuable resource for understanding investor behavior in social contexts.
- Further research can utilize this dataset to explore the nuances of social influence on financial decision-making.