The role of salience in protfolio formation
We analyze the likelihood of a stock being included in an investor's portfolio, utilizing a dataset whichholds the information opportunity set constant for each of the over 1000 student investors in our sample.Investors rely on the availability heuristic: salience (the number of stories in the...
| Main Authors: | , |
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| Format: | Journal Article |
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Elsevier
2008
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| Subjects: | |
| Online Access: | http://hdl.handle.net/20.500.11937/17427 |