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Does Aggregated Returns Disclosure Increase Portfolio Risk Taking?

Many experiments have found that participants take more investment risk if they see returns less frequently, see portfolio-level returns (rather than each individual asset’s returns), or see long-horizon (rather than one-year) historical return distributions. In contrast, we find that such informati...

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Detalles Bibliográficos
Publicado en:Rev Financ Stud
Main Authors: Beshears, John, Choi, James J., Laibson, David, Madrian, Brigitte C.
Formato: Artigo
Idioma:Inglês
Publicado: 2016
Assuntos:
Acceso en liña:https://ncbi.nlm.nih.gov/pmc/articles/PMC5441236/
https://ncbi.nlm.nih.gov/pubmed/28553012
https://ncbi.nlm.nih.govhttp://dx.doi.org/10.1093/rfs/hhw086
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