The Effect of Prior Choices on Expectations and Subsequent Portfolio Decisions
收藏NBER2017-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w23438
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We document that prior portfolio choices influence investors' expectations about asset values, and their future choices. We find that people update more from information consistent with their prior choices, leading to sticky portfolios over time. These effects are related to how the brain's
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美国国家经济研究局创建时间：
2017-05-01
