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Level 17
· ◆◆◆ · ~11 min
The Disposition Effect
The Disposition Effect
"Investors sell their winners too soon and cling to their losers too long — the single most documented behavioral mistake in real trading data, and it's prospect theory in a portfolio."
the disposition effectpurchase price as reference pointpride vs regrettax inefficiencythe would-I-buy-today test
A short lesson, then a quiz. ❤️×3 — a wrong answer costs a heart; finish with at least one left and the level is yours. Lose all three and you'll have to try again. Replay any time — XP and cleared levels are never lost.