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 |
| Published: |
Elsevier
2008
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| Online Access: | http://hdl.handle.net/20.500.11937/17427 |
| _version_ | 1848749463761321984 |
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| author | da Silva Rosa, R. Durand, Robert |
| author_facet | da Silva Rosa, R. Durand, Robert |
| author_sort | da Silva Rosa, R. |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | 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 national press about a stock in the month before the portfolios are formed) captures over 50% of the variation in our dependent variable. |
| first_indexed | 2025-11-14T07:21:20Z |
| format | Journal Article |
| id | curtin-20.500.11937-17427 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T07:21:20Z |
| publishDate | 2008 |
| publisher | Elsevier |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-174272017-11-02T07:25:57Z The role of salience in protfolio formation da Silva Rosa, R. Durand, Robert Availability heuristic Behavioral finance 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 national press about a stock in the month before the portfolios are formed) captures over 50% of the variation in our dependent variable. 2008 Journal Article http://hdl.handle.net/20.500.11937/17427 10.1016/j.pacfin.2007.04.008 Elsevier restricted |
| spellingShingle | Availability heuristic Behavioral finance da Silva Rosa, R. Durand, Robert The role of salience in protfolio formation |
| title | The role of salience in protfolio formation |
| title_full | The role of salience in protfolio formation |
| title_fullStr | The role of salience in protfolio formation |
| title_full_unstemmed | The role of salience in protfolio formation |
| title_short | The role of salience in protfolio formation |
| title_sort | role of salience in protfolio formation |
| topic | Availability heuristic Behavioral finance |
| url | http://hdl.handle.net/20.500.11937/17427 |