Portfolio choice in the presence of nontradeable income : an experimental analysis

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URL:	https://ub-madoc.bib.uni-mannheim.de/273
URN:	urn:nbn:de:bsz:180-madoc-2732
Document Type:	Working paper
Year of publication:	2004
The title of a journal, publication series:	Working Papers
Volume:	109
Place of publication:	Mannheim
ISSN:	1869-0483 , 1869-0491
Publication language:	English
Institution:	Business School > Sonstige - Fakultät für Betriebswirtschaftslehre
MADOC publication series:	Lehrstuhl für ABWL, Finanzwirtschaft, insb. Bankbetriebslehre (Weber) > Working Papers
Subject:	330 Economics
Subject headings (SWD):	Portfolio Selection
Abstract:	This paper reports the results of experiments on portfolio choice in the presence of nontradeable income. The nontradeable income part could either be riskless or risky (background risk). In many cases, we observe behavior which is qualitatively consistent with the predictions of normative theory. However, correlations between financial and nontradeable wealth are neglected. The computation of aggregated risk profiles helps subjects to partly overcome the deviations from normative theory due to neglect of correlations.

	Dieser Eintrag ist Teil der Universitätsbibliographie.
	Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.

BASE: Klos, Alexander ; Weber, Martin

Google Scholar: Klos, Alexander ; Weber, Martin

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