The Determinants of the Disposition Effect

Last registered on March 21, 2022
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Pre-Trial

Trial Information

General Information

Title
The Determinants of the Disposition Effect
RCT ID
AEARCTR-0009116
Initial registration date
March 18, 2022

Initial registration date is when the trial was registered.

It corresponds to when the registration was submitted to the Registry to be reviewed for publication.

First published
March 21, 2022, 1:15 PM EDT

First published corresponds to when the trial was first made public on the Registry after being reviewed.

Locations

Country
Switzerland
Region

Primary Investigator

Name
Alexander Ritschel
Affiliation
University of Zurich
Contact Primary Investigator

Other Primary Investigator(s)

PI Name
Michele Garagnani
PI Affiliation
University of Zurich
Contact Investigator
PI Name
Johannes Buckenmaier
PI Affiliation
University of Zurich
Contact Investigator
PI Name
Carlos Alos-Ferrer
PI Affiliation
University of Zurich
Contact Investigator

Additional Trial Information

Status
In development
Start date
2022-03-24
End date
2022-05-24
Keywords
Behavior, Other
Additional Keywords
JEL code(s)
Secondary IDs
Prior work
This trial does not extend or rely on any prior RCTs.
Abstract
This preregistration describes a laboratory experiment to be conducted at the University
of Zurich. The experiment investigates the disposition effect. We describe the experimental
design, the variables of interest, the hypotheses, and sample size.
External Link(s)

Registration Citation

Citation
Alos-Ferrer, Carlos et al. 2022. "The Determinants of the Disposition Effect." AEA RCT Registry. March 21. https://doi.org/10.1257/rct.9116-1.0
Sponsors & Partners
Experimental Details

Interventions

Intervention(s)
Intervention Start Date
2022-03-24
Intervention End Date
2022-05-24

Primary Outcomes

Primary Outcomes (end points)
Proportion of Gains Realized (PGR);
Proportion of Losses Realized (PLR)
Primary Outcomes (explanation)
(Number of realized gains)/(number of realized gains + number of paper gains);
(Number of realized losses)/(number of realized losses + number of paper losses)

Secondary Outcomes

Secondary Outcomes (end points)
Secondary Outcomes (explanation)

Experimental Design

Experimental Design
This preregistration describes a laboratory experiment to be conducted at the University
of Zurich. The experiment investigates the disposition effect. We describe the experimental
design, the variables of interest, the hypotheses, and sample size.
Experimental Design Details
Randomization Method
Randomization done by computer.
Randomization Unit
Each indiviual sees the same randomly pregenerated price path.
Was the treatment clustered?
No

Experiment Characteristics

Sample size: planned number of clusters
200 individuals
Sample size: planned number of observations
200 individuals
Sample size (or number of clusters) by treatment arms
200 individuals
Minimum detectable effect size for main outcomes (accounting for sample design and clustering)
Supporting Documents and Materials

Documents

Document Name
Preregistration Summary
Document Type
other
Document Description
This Document summarizes the preregistration and states the hypotheses.
File
Preregistration Summary

MD5: e8b3f7b9445b6ba8516beac5839040e0

SHA1: 7b0f390847114d809e9aa586d0fc6d3c45f03082

Uploaded At: March 18, 2022

IRB

Institutional Review Boards (IRBs)

IRB Name
Human Subjects Committee of the Faculty of Economics, Business Administration, and Information Technology, University of Zurich
IRB Approval Date
2021-11-15
IRB Approval Number
OEC IRB # 2021-091
Analysis Plan

Post-Trial

Post Trial Information

Study Withdrawal

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Intervention

Is the intervention completed?
No
Data Collection Complete
Data Publication

Data Publication

Is public data available?
No

Program Files

Program Files
Reports, Papers & Other Materials

Relevant Paper(s)

Reports & Other Materials