Do MTurkers exhibit myopic loss aversion

Abstract We present results from a highly powered online experiment with 937 participants on Amazon Mechanical Turk (MTurk) that examined whether MTurkers exhibit myopic loss aversion (MLA). The experiment consisted of measuring MLA-compliant behavior in two between-subjects treatments that differed only regarding the risk profile of the risky asset employed. We found no statistically significant evidence of MLA-compliant behavior for any of the two risk profiles among MTurkers in the full samples. However, we found evidence of MLA for one of the two risk profiles in some sub-samples where we screened-out participants based on processing times in the experiment.