NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Can Myopic Loss Aversion Explain the Equity Premium Puzzle? Evidence from a Natural Field Experiment with Professional Traders

Francis Larson, John A. List, Robert D. Metcalfe

NBER Working Paper No. 22605
Issued in September 2016

---- Acknowledgments ----

We thank Clark Halliday and Joseph Seidel for excellent research assistance and Uri Gneezy, Judd Kessler, and Richard Thaler for comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. For correspondence: metcalfe@uchicago.edu

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