How Much is Investor Autonomy Worth ?  

Oleh:

Benartzi, Shlomo ; Thaler, Richard H.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Journal of Finance (EBSCO) vol. 57 no. 4 (2002), page 1593-1616.
Topik: investor; studies; defined contribution plans; retirement planning; protfolio performance; statistical analysis; risk
Fulltext: p 1593.pdf (161.19KB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ88.6 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

Lihat Detail Induk

Isi artikel

There is a worldwide rend towards defined contribution savings plans, where investors are often able to select their own portfolios. How much is this freedom of choice worth ? We present retirement investors with information about the distribution of outcomes they could expect to obtain from the portfolios they picked for themselves and the same information for the median portfolio selected by their peers. A majority of our survey participants actually prefer the median portfolio to the one they picked for themselves. We investigate various explanations for these findings and offer some evidence that the results are partly attributable to the fact that investors do not have well - defined preferences.

Opini Anda

Klik untuk menuliskan opini Anda tentang koleksi ini!

Kembali