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Author:Dorn, D.
Huberman, G.
Title:Talk and action: what individual investors say and what they do
Journal:Review of finance
2005 : VOL. 9:4, p437-481
Index terms:finance
investments
investors
portfolio investment
Language:eng
Abstract:This paper studies the causes for the failure to buy and hold a well-diversified portfolio by using survey responses and trading information of a German retail broker. The results suggest that the determinants of this failure are differences in risk tolerance and the effect of perceived knowledge on investors.
SCIMA record nr: 262925
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