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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| Main Authors: | , , , |
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| 格式: | Article |
| 語言: | English |
| 出版: |
2016
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| 主題: | |
| 在線閱讀: | https://hdl.handle.net/10356/82775 http://hdl.handle.net/10220/40311 |
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| 機構: | Nanyang Technological University |
| 語言: | English |