Tag Archives: Tversky

Thinking in a Foreign Language Helps Reduce Loss Aversion

According to behavioral finance theory, Loss Aversion causes investors to sell winning investments quickly in order to “lock in” gains and to hold on to losing investments in order to get even, regardless of the underlying fundamentals, changes in circumstances, or overall … Continue reading

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Econ Phd Programs: Nothing New, But the Math is Really Hard

I was a PhD student in Economics at NYU in 1986-1987. I remember thinking each week during that school year that that was going to be the week that I learned something new in economics. Unfortunately, it never happened. I was … Continue reading

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