Higher-Order Beliefs and Risky Asset Holdings
收藏NBER2024-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w32680
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资源简介：
We combine a customized survey and randomized controlled trial (RCT) to study the effect of higher-order beliefs on U.S. retail investors portfolio allocations. We find that investors higher-order beliefs about stock market returns are correlated with but distinct from their first-order beliefs.
提供机构：
美国国家经济研究局
创建时间：
2024-07-01
