The exploration of disposition effect among business undergraduates in Poland

Abstract

In this article the author attempts to explore the phenomena of disposition effect among Polish undergraduate students. The study shows that under experimental conditions participants do show disposition “to sell winners too early and ride losers too long”. Such disposition stands in opposition to rationale behavior which induces to hold stocks during the whole period of experiment. The research provides important insights into the field of behavioral finance and in particular into the global analysis of disposition effect.