According to Prospect Theory, developed by Kahneman and Tversky, we humans are emotionally affected by losses more than by gains. This leads to us holding on to losing stocks for too long in the hope that they will recover...
According to Prospect Theory, developed by Kahneman and Tversky, we humans are emotionally affected by losses more than by gains. This leads to us holding on to losing stocks for too long in the hope that they will recover...