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- W2009777859 abstract "Abstract This paper reports the results of an experiment on portfolio choice in the presence of non-tradable income. The non-tradable income part could either be riskless or risky (background risk). In many cases, we observe behavior that is qualitatively consistent with the predictions of normative theory. However, correlations between financial and non-tradable wealth are neglected. The computation of aggregated risk profiles helps subjects to partly overcome the deviations from normative theory due to neglect of correlations." @default.
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- W2009777859 date "2006-12-01" @default.
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- W2009777859 title "Portfolio Choice in the Presence of Non-Tradable Income: An Experimental Analysis" @default.
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- W2009777859 doi "https://doi.org/10.1111/j.1468-0475.2006.00128.x" @default.
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