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CORE Brown Bag Seminar - Thi Nhung Luong, LIDAM/LFIN
By Fabrizio Ciotti

Thi Nhung Luong


will give a presentation on

Retail Investors' Disposition Effect and Order Choices


Retail investors are prone to the disposition effect and submit many more limit orders than market orders. Mechanical effects stemming from the price contingency conditions for order executions can lead these limit orders to inflate an investor’s measured disposition effect (Linnainmaa 2010). Our paper is the first to demonstrate that the relationship between the disposition effect and order choices is bi-directional. Using trading data of thousands of investors, we show that investors who are prone to the disposition effect differ from others in their use of limit orders and in their choice of limit prices.  


To join the seminar, please follow the following instructions:

  1. If you are a member of the CORE Brown Bag team on Microsoft Teams, an invitation to the scheduled meeting has been sent.
  2. If you are not a member of the CORE BrownBag team on Microsoft Teams, please click here ( or write us an email.
  3. The interface of Teams is very similar to Skype. When the presenter starts the videoconference, you will see in the team page the button "join". Just press it and you will be inside the video conference.  
  4. By the start of the seminar, you should mute your microphone. This should be done to avoid echoing noise problems. Whenever you want to intervene, please raise your hand or write in the chat that you want to do so. The presenter will stop, you can unmute yourself and intervene.