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123 - Active Information Avoidance (rebroadcast)

You Are Not So Smart

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The Ostrich Effect

In two papers, we've been looking at information avoidance among investors. George has this paper where he looks at when investors log into their investment portfolios. For these investors, they very, very rarely trade. So it's really the adult equivalent of child shaking the piggy bank. And so on days when the stock markets are down and investors could probably expect having made some losses themselves, they're less likely to log in than on days when market is up.

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