Illusion of Expertise in Portfolio Decisions: An Experimental Approach

This paper focuses on egocentric biases in financial decisions. Subjects first design a portfolio, whereby each combination of assets yields the same expected return and variance of returns. (...)

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Year of publication:	2001-11-01
Authors:	Fellner, Gerlinde ; Güth, Werner ; Maciejovsky, Boris
Institutions:	Max-Planck-Institut zur Erforschung von Wirtschaftssystemen <Jena> / Abteilung Strategische Interaktion
Subject:	Portfolio Selection \| Anlageverhalten \| Eingeschränkte Rationalität \| Investitionsentscheidung

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Table of Contents
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Introduction
The experiment
Experimental results
Discussion
References

Persistent link: https://www.econbiz.de/10005845214