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2017 | OriginalPaper | Buchkapitel

5. The Financial Behavior of Individual Investors

verfasst von : Ted Lindblom, Taylan Mavruk, Stefan Sjögren

Erschienen in: Proximity Bias in Investors’ Portfolio Choice

Verlag: Springer International Publishing

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Abstract

The economic models that underlie the previous chapters built on the strong assumption that investors are rational agents who aim at maximizing their wealth while minimizing risk. These investors are able to assess the risk and return of all possible investment opportunities and hold a portfolio that satisfies their level of risk aversion. In contrast, the recent empirical evidence shows that real individual investors behave differently from investors in these models. In what follows, this chapter reviews the most recent findings on individual investor trading and the trade performance.

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Vorheriges Kapitel Market Efficiency and the Standard Asset Pricing Models Used to Test Market Efficiency

Nächstes Kapitel The Measurement of Proximity Bias

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Titel: The Financial Behavior of Individual Investors
verfasst von: Ted Lindblom
Taylan Mavruk
Stefan Sjögren
Verlag: Springer International Publishing
Buch: Proximity Bias in Investors’ Portfolio Choice
Print ISBN: 978-3-319-54761-9

Electronic ISBN: 978-3-319-54762-6

Copyright-Jahr: 2017
DOI: https://doi.org/10.1007/978-3-319-54762-6_5