{"title":"Ambiguity Preferences and Portfolio Choices: Evidence from the Field","authors":"Milo Bianchi, J. Tallon","doi":"10.1287/mnsc.2017.3006","DOIUrl":null,"url":null,"abstract":"We match administrative panel data on portfolio choices with survey data on preferences over ambiguity. We show that ambiguity averse investors bear more risk, due to a lack of diversification. In ...","PeriodicalId":299964,"journal":{"name":"Philosophy of Action eJournal","volume":"21 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2017-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"45","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Philosophy of Action eJournal","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1287/mnsc.2017.3006","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 45
Abstract
We match administrative panel data on portfolio choices with survey data on preferences over ambiguity. We show that ambiguity averse investors bear more risk, due to a lack of diversification. In ...