Add to ORKGFor a long investment period investment consultants usually recommend a larger proportion of risky assets in investors’ portfolios than for a short investment horizon. In an experiment we examine the effect of different investment horizons on investors’ risk behavior. We are interested both in the participants’ risk perception and in their asset allocation behavior. We find significant underestimations of long-term risks that lead to a higher proportion of risky assets in the long-term portfolios. Our data show, that the belief in mean reversion is a potential explanation for this behavior
There is a large gap between what finance models predict for individual investor behavior and what c...
We use data from a repeated survey panel that was run with real online broker customers in September...
We consider the consumption and portfolio choice problem of a long-run investor when the term struct...
For a long investment period investment consultants usually recommend a larger proportion of risky a...
To investigate the effect of time horizon on investment behavior, this paper reports the results of ...
According to conventional wisdom, annualized volatility of stock returns is lower over long horizons...
Following the classical portfolio theory all an investor has to do for an optimal investment is to d...
Boudry and Gray (2003) have documented that the optimal buy‐and‐hold demand for Australian stocks is...
Standard finance theory portrays investors as rational utility maximisers. Persisting market anomali...
We use data from a repeated survey panel that was run with real online broker customers in September...
The intention of investors to invest over a long term is generally aimed toward stable returns and l...
We study how stock return’s predictability and model uncertainty affect a rational buy-and-hold inve...
We study the effects of the investment horizon on asset price volatility using a Learning to Forecas...
There is a palpable link between financial investment decision making and investors’ behaviour. Rese...
There is a large gap between what finance models predict for individual investor behavior and what c...
We use data from a repeated survey panel that was run with real online broker customers in September...
We consider the consumption and portfolio choice problem of a long-run investor when the term struct...
For a long investment period investment consultants usually recommend a larger proportion of risky a...
To investigate the effect of time horizon on investment behavior, this paper reports the results of ...
According to conventional wisdom, annualized volatility of stock returns is lower over long horizons...
Following the classical portfolio theory all an investor has to do for an optimal investment is to d...
Boudry and Gray (2003) have documented that the optimal buy‐and‐hold demand for Australian stocks is...
Standard finance theory portrays investors as rational utility maximisers. Persisting market anomali...
We use data from a repeated survey panel that was run with real online broker customers in September...
The intention of investors to invest over a long term is generally aimed toward stable returns and l...
We study how stock return’s predictability and model uncertainty affect a rational buy-and-hold inve...
We study the effects of the investment horizon on asset price volatility using a Learning to Forecas...
There is a palpable link between financial investment decision making and investors’ behaviour. Rese...
There is a large gap between what finance models predict for individual investor behavior and what c...
We use data from a repeated survey panel that was run with real online broker customers in September...
We consider the consumption and portfolio choice problem of a long-run investor when the term struct...