Blar i BI Open på forfatter "Roche, Hervé"
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Why does junior put all his eggs in one basket? A potential rational explanation for holding concentrated portfolios
Roche, Hervé; Tompaidis, Stathis; Yang, Chunyu (Journal article; Peer reviewed, 2013)Empirical studies of household portfolios show that young households, with little financial wealth, hold underdiversified portfolios that are concentrated in a small number of assets, a fact often attributed to behavioral ...