Factors Affecting The Impact of Investors’ Horizon on Asset Allocation Decisions: An Experimental Exploration
In: Behavioral Finance, S. 345-368
4 Ergebnisse
Sortierung:
In: Behavioral Finance, S. 345-368
In: Economica, Band 70, Heft 277, S. 19-29
ISSN: 1468-0335
Inequality aversion and risk‐aversion are widely assumed in economic models; however existing economic literature fails to distinguish between the two. This paper presents methodology and a laboratory experiment, which separates inequality aversion from risk aversion. In a set of laboratory experiments, subjects had to choose between two risky alternatives which pay meaningful prizes with the same individual risk but different levels of egalitarianism. Thus, the choice of the more egalitarian alternative implies a higher level of inequality aversion. The experiment was conducted among children, some of whom live on a communal system (kibbutz) and some in the city.
In: The quarterly review of economics and finance, Band 66, S. 108-114
ISSN: 1062-9769
In: Journal of Business Administration Research, Band 1, Heft 18-29
SSRN