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Why Investors do not Buy Cheaper Securities? Evidence from a Natural Experiment

https://doi.org/10.2139/ssrn.1571339
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26/26 checkable references clean · checked 2026-08-27

Every reference with a DOI in the deposited reference list resolved to a known work in Crossref or DataCite at the dated check, and none carried a retraction, withdrawal, or removal notice.

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The 26 checked references that resolve
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Portfolio Choice and Trading in a Large 401(k) Plan
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Illiquidity and stock returns: cross-section and time-series effects
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The Economic Implications of Learning by Doing
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Foreign Investments of U.S. Individual Investors: Causes and Consequences
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Market liquidity as a sentiment indicator
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Investor Sentiment and the Cross‐Section of Stock Returns
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Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors
resolves10.1162/003355301556400
Boys will be Boys: Gender, Overconfidence, and Common Stock Investment
resolves10.1093/rfs/hhm079
All That Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors
resolves10.1111/j.1540-6261.2009.01483.x
Who Gambles in the Stock Market?
resolves10.2139/ssrn.2819687
Demand Curves for Stocks Slope Down in the Long Run: Evidence from the Chinese Split-Share Structure Reform
resolves10.1287/mnsc.2014.1914
Speculation Spillovers
resolves10.1162/003355301753265543
The Power of Suggestion: Inertia in 401(k) Participation and Savings Behavior
resolves10.1093/qje/qjq004
Depression Babies: Do Macroeconomic Experiences Affect Risk Taking?*
resolves10.1093/qje/qjv037
Learning from Inflation Experiences *
resolves10.1016/j.jfineco.2007.02.001
Are small investors naive about incentives?
resolves10.3386/w11362
Speculative Trading and Stock Prices: Evidence from Chinese A-B Share Premia
resolves10.1093/revfin/hhm011
Equilibrium Underdiversification and the Preference for Skewness
resolves10.1016/j.finmar.2008.07.001
Do individual investors learn from their trading experience?
resolves10.1257/aer.89.5.1279
Do Investors Trade Too Much?
resolves10.1007/bf00055564
Status quo bias in decision making
resolves10.1093/rfs/hhw111
Shaped by Booms and Busts: How the Economy Impacts CEO Careers and Management Styles
resolves10.1093/rfs/hhp060
Learning by Trading
resolves10.1016/0167-2681(80)90051-7
Toward a positive theory of consumer choice
resolves10.1016/0010-0285(73)90033-9
Availability: A heuristic for judging frequency and probability
resolves10.1257/aer.101.6.2723
The Chinese Warrants Bubble
The 1 reference without a DOI — listed, not checked
no DOI — not checkedOnce Burned, Twice Shy: How Na�ve Learning, Counterfactuals, and Regret Affect the Repurchase of Stocks Previously Sold
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