ed Gains, RL = Realized Losses, PG = Paper Gains, and PL = Paper Losses.</li>
</ul>
</div>
<div class="section level3">
<h3 id="disposition-effect-computation">Disposition Effect Computation<a class="anchor" aria-label="anchor" href="#disposition-effect-computation"></a>
</h3>
<p>Once that gains and losses have been computed, it is finally possible to evaluate both the disposition effect of the investor and of each traded assets, where the disposition effect is defined as:</p>
<p><span class="math display">