Ambiguity Aversion and Household Portfolio Choice Puzzles: Empirical Evidence

Ambiguity Aversion and Household Portfolio Choice Puzzles: Empirical Evidence

We test the relation between ambiguity aversion and five household portfolio choice puzzles: nonparticipation in equities, low allocations to equity, home-bias, own-company stock ownership, and portfolio under-diversification. In a representative US household survey, we measure ambiguity preferences...

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Bibliographic Details
Main Authors: Dimmock, Stephen Geoffrey, Kouwenberg, Roy, Mitchell, Olivia S., Peijnenburg, Kim
Other Authors: Nanyang Business School
Format: Article
Language:English
Published: 2016
Subjects:
ambiguity aversion
stock market participation
household portfolio puzzles
DRNTU::Business
home-bias
own-company stock puzzle
portfolio under-diversification
household finance
Online Access:https://hdl.handle.net/10356/82775
http://hdl.handle.net/10220/40311
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Institution: Nanyang Technological University
Language: English

Internet

https://hdl.handle.net/10356/82775
http://hdl.handle.net/10220/40311

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