Matches in SemOpenAlex for { <https://semopenalex.org/work/W1585545896> ?p ?o ?g. }
- W1585545896 abstract "In the experimental scenario several agents repeatedly invest in n (n 2) state-specic assets. The evolutionarily stable and equilibrium (Blume and Easley, 1992) portfolio for this situation requires to distribute funds according to the constant probabilities of the various states. The dierent treatments endow none, one, three, or all subjects in groups of eight investors each with probability information. Will investments follow the theoretical benchmark or the 1=n-heuristic of equal investments in all assets? Further, will agents with probability information be asked and paid for advice on how to invest? Although investment does not converge as predicted, portfolios of informed agents reect the probabilities of states, and even uninformed agents do not invest according to the 1=n-heuristic. Advice is demanded and readily paid for. Surprisingly, clients do not always follow the recommendation. Competition among advisors reduces their fees as expected." @default.
- W1585545896 created "2016-06-24" @default.
- W1585545896 creator A5012233834 @default.
- W1585545896 creator A5012746438 @default.
- W1585545896 creator A5030233833 @default.
- W1585545896 creator A5072323579 @default.
- W1585545896 date "2008-11-12" @default.
- W1585545896 modified "2023-09-27" @default.
- W1585545896 title "Do investors optimize, follow heuristics, or listen to experts?" @default.
- W1585545896 cites W1591872894 @default.
- W1585545896 cites W1966980020 @default.
- W1585545896 cites W1967942598 @default.
- W1585545896 cites W1968892985 @default.
- W1585545896 cites W1977242790 @default.
- W1585545896 cites W1993084786 @default.
- W1585545896 cites W2025486241 @default.
- W1585545896 cites W2027769326 @default.
- W1585545896 cites W2040692616 @default.
- W1585545896 cites W2041636470 @default.
- W1585545896 cites W2057645503 @default.
- W1585545896 cites W2067705975 @default.
- W1585545896 cites W2081717017 @default.
- W1585545896 cites W2082018056 @default.
- W1585545896 cites W2092845418 @default.
- W1585545896 cites W2108792368 @default.
- W1585545896 cites W2115281393 @default.
- W1585545896 cites W2117969050 @default.
- W1585545896 cites W2141421479 @default.
- W1585545896 cites W2148237550 @default.
- W1585545896 cites W2149961401 @default.
- W1585545896 cites W2152834818 @default.
- W1585545896 cites W2160003140 @default.
- W1585545896 cites W3123924798 @default.
- W1585545896 cites W3023512294 @default.
- W1585545896 hasPublicationYear "2008" @default.
- W1585545896 type Work @default.
- W1585545896 sameAs 1585545896 @default.
- W1585545896 citedByCount "0" @default.
- W1585545896 crossrefType "posted-content" @default.
- W1585545896 hasAuthorship W1585545896A5012233834 @default.
- W1585545896 hasAuthorship W1585545896A5012746438 @default.
- W1585545896 hasAuthorship W1585545896A5030233833 @default.
- W1585545896 hasAuthorship W1585545896A5072323579 @default.
- W1585545896 hasConcept C10138342 @default.
- W1585545896 hasConcept C111919701 @default.
- W1585545896 hasConcept C127705205 @default.
- W1585545896 hasConcept C13280743 @default.
- W1585545896 hasConcept C144133560 @default.
- W1585545896 hasConcept C154945302 @default.
- W1585545896 hasConcept C162118730 @default.
- W1585545896 hasConcept C162324750 @default.
- W1585545896 hasConcept C173801870 @default.
- W1585545896 hasConcept C175444787 @default.
- W1585545896 hasConcept C17744445 @default.
- W1585545896 hasConcept C185798385 @default.
- W1585545896 hasConcept C18903297 @default.
- W1585545896 hasConcept C199360897 @default.
- W1585545896 hasConcept C199539241 @default.
- W1585545896 hasConcept C205649164 @default.
- W1585545896 hasConcept C27548731 @default.
- W1585545896 hasConcept C2777027219 @default.
- W1585545896 hasConcept C2779955035 @default.
- W1585545896 hasConcept C2780821815 @default.
- W1585545896 hasConcept C41008148 @default.
- W1585545896 hasConcept C86803240 @default.
- W1585545896 hasConcept C91306197 @default.
- W1585545896 hasConcept C94625758 @default.
- W1585545896 hasConceptScore W1585545896C10138342 @default.
- W1585545896 hasConceptScore W1585545896C111919701 @default.
- W1585545896 hasConceptScore W1585545896C127705205 @default.
- W1585545896 hasConceptScore W1585545896C13280743 @default.
- W1585545896 hasConceptScore W1585545896C144133560 @default.
- W1585545896 hasConceptScore W1585545896C154945302 @default.
- W1585545896 hasConceptScore W1585545896C162118730 @default.
- W1585545896 hasConceptScore W1585545896C162324750 @default.
- W1585545896 hasConceptScore W1585545896C173801870 @default.
- W1585545896 hasConceptScore W1585545896C175444787 @default.
- W1585545896 hasConceptScore W1585545896C17744445 @default.
- W1585545896 hasConceptScore W1585545896C185798385 @default.
- W1585545896 hasConceptScore W1585545896C18903297 @default.
- W1585545896 hasConceptScore W1585545896C199360897 @default.
- W1585545896 hasConceptScore W1585545896C199539241 @default.
- W1585545896 hasConceptScore W1585545896C205649164 @default.
- W1585545896 hasConceptScore W1585545896C27548731 @default.
- W1585545896 hasConceptScore W1585545896C2777027219 @default.
- W1585545896 hasConceptScore W1585545896C2779955035 @default.
- W1585545896 hasConceptScore W1585545896C2780821815 @default.
- W1585545896 hasConceptScore W1585545896C41008148 @default.
- W1585545896 hasConceptScore W1585545896C86803240 @default.
- W1585545896 hasConceptScore W1585545896C91306197 @default.
- W1585545896 hasConceptScore W1585545896C94625758 @default.
- W1585545896 hasLocation W15855458961 @default.
- W1585545896 hasOpenAccess W1585545896 @default.
- W1585545896 hasPrimaryLocation W15855458961 @default.
- W1585545896 hasRelatedWork W1545045211 @default.
- W1585545896 hasRelatedWork W1577974420 @default.
- W1585545896 hasRelatedWork W1893079800 @default.
- W1585545896 hasRelatedWork W1966620663 @default.
- W1585545896 hasRelatedWork W1996473235 @default.
- W1585545896 hasRelatedWork W2037588615 @default.