International Journal of Finance & Banking Studies

International Journal of Finance & Banking Studies

Effect of False Confidence on Asset Allocation Decisions of Households

Yazarlar: Swarn Chatterjee

Cilt 3 , Sayı 1 , 2014 , Sayfalar -

Konular:

Anahtar Kelimeler:Behavioral Economics Cognitive Mistakes Financial Decision Investments Portfolio allocation decisions

Özet: This paper investigates whether false confidence, as characterized by a high level of personal mastery and a low level of intelligence (IQ), results in frequent investor trading and subsequent investor wealth erosion across time. Using the National Longitudinal Survey (NLSY79), change in wealth and asset allocation across time is modeled as a function of various behavioral, socio-economic and demographic variables drawn from prior literature. Findings of this research reveal that false confidence is indeed a predictor of trading activity in individual investment assets, and it also has a negative impact on individual wealth creation across time.

ATIFLAR
Atıf Yapan Eserler
Henüz Atıf Yapılmamıştır
KAYNAK GÖSTER
BibTex
KOPYALA
@article{2014, title={Effect of False Confidence on Asset Allocation Decisions of Households}, volume={3}, number={0}, publisher={International Journal of Finance & Banking Studies}, author={Swarn Chatterjee}, year={2014} }
APA
KOPYALA
Swarn Chatterjee. (2014). Effect of False Confidence on Asset Allocation Decisions of Households (Vol. 3). Vol. 3. International Journal of Finance & Banking Studies.
MLA
KOPYALA
Swarn Chatterjee. Effect of False Confidence on Asset Allocation Decisions of Households. no. 0, International Journal of Finance & Banking Studies, 2014.
Atıf Görüntüle
PDF Görüntüle
Kaynak Görüntüle
Paylaş
Dergi Bilgileri