Muermann, AlexanderVolkman, Jacqueline M.2023-05-232023-05-232007-01-012019-12-13https://repository.upenn.edu/handle/20.500.14332/43953We develop a dynamic portfolio choice model which incorporates anticipated regret and pride in individual’s preferences and show that those preferences can cause investors to sell winning stocks and hold on to losing stocks; that is, anticipating regret and pride can help explain the disposition effect.All findings, interpretations, and conclusions of this paper represent the views of the authors and not those of any institution with which the authors are affiliated. © 2007 Pension Research Council of the Wharton School of the University of Pennsylvania. All Rights Reserved.disposition effectpreferencesregretprideinvestingEconomicsWorking Paper