Investment Behavior under Ambiguity : the Case of Pessimistic Decision Makers

The authors demonstrates that, in contrast to optimistic investors, pessimistic investors may strictly prefer investing in an illiquid asset toinvesting in a liquid asset.

Year of publication:	2004-08-01
Authors:	Ludwig, Alexander ; Zimper, Alexander
Publisher:	Sonderforschungsbereich Rationalitätskonzepte, Entscheidungsverhalten und Ökonomische Modellierung <Mannheim>
Subject:	Anlageverhalten \| Optimismus \| Pessimismus

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Extent:	201728 bytes 22 p. application/pdf
Series:	Universität Mannheim - Sonderforschungsbereich 504 Rationalitätskonzepte, Entscheidungsverhalten und Ökonomische Modellierungb - Discussion Papers Discussion Paper ; 04-31
Type of publication:	Book / Working Paper
Language:	English
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty ; G20 - Financial Institutions and Services. General ; Corporate finance and investment policy. General ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)

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