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This paper reports the results of an experiment on portfolio choice in the presence of non-tradable income. The non-tradable income part could either be riskless or risky (background risk). In many cases, we observe behavior that is qualitatively consistent with the predictions of normative...
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This paper determines the results of experiments on portfolio choice in the presence of nontradeable income. The nontradeable income part could either be riskless or risky.
Persistent link: https://www.econbiz.de/10005850468
Die vorliegende Arbeit untersucht, wie das Risiko einer Investition durch den Anlagehorizont beeinflusst wird.
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This paper reports the results of experiments on portfolio choice in the presence of nontradeable income. The nontradeable income part could either be riskless or risky (background risk). In many cases, we observe behavior which is qualitatively consistent with the predictions of normative...
Persistent link: https://www.econbiz.de/10005761187
To investigate the effect of time horizon on investment behavior, this paper reports the results of an experiment in which business graduate students provided certainty equivalents and judged various dimensions of the outcome distribution of simple gambles that were played either once or...
Persistent link: https://www.econbiz.de/10009198263
The question how an allocation decision is influenced by the investment horizon is of highest practical relevance, in particular in the context of retirement savings. Practitioners refer to the law of large numbers to argue that for a sufficiently long investment horizon it is almost certain to...
Persistent link: https://www.econbiz.de/10005592930
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