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Ein Experiment zum Anlegerverhalten

Weber, Martin and Camerer, Colin F. (1992) Ein Experiment zum Anlegerverhalten. Schmalenbachs Zeitschrift für betriebswirtschaftliche Forschung, 44 . pp. 131-148. ISSN 0341-2687.

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Portfolio selection is one important example of decision making under risk. We empirically investigate how decision makers behave when making these decisions, As a baseline we compare this intuitive decision making with the optimal decision making described by Markowitz' portfolio theory. Our results show that intuitive behavior is quite different from optimal behavior. Especially, subjects did not hold the optimal risky portfolio and they trade much more than predicted by portfolio theory.

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Record Number:CaltechAUTHORS:20110214-104546410
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ID Code:22169
Deposited By: Tony Diaz
Deposited On:09 Nov 2011 23:48
Last Modified:26 Dec 2012 12:55

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