Brief Look at Prospect Theory and Disposition Effect in Fantasy Football Player Trading.I will add this in an expanded form into my 2017 edition of my drafting manual but I have been thinking about this for a while and wanted to get it out.
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According to prospect theory, losses have more emotional impact than an equivalent amount of gains."
So the trading away of a early bust-type player that goes on to be a stud instead would have a more dramatic impact on the league manager than a player they drafted and went on to have a stud season.
This effect would imply that in fantasy football player trading, players would tend to hold onto poor preforming players for too long and trade better players way too soon.