Measuring the Financial Sophistication of Households

被引:269
作者
Calvet, Laurent E. [1 ,2 ]
Campbell, John Y. [2 ,3 ]
Sodini, Paolo [4 ]
机构
[1] HEC Paris, Dept Finance, F-78351 Jouy En Josas, France
[2] NBER, Cambridge, MA 02138 USA
[3] Harvard Univ, Dept Econ, Littauer Ctr, Cambridge, MA 02138 USA
[4] Stockholm Sch Econ, Dept Finance, SE-11383 Stockholm, Sweden
关键词
INVESTORS; CHOICE;
D O I
10.1257/aer.99.2.393
中图分类号
F [经济];
学科分类号
02 ;
摘要
引用
收藏
页码:393 / 398
页数:6
相关论文
共 15 条
[1]   Portfolio choice and trading in a large 401(k) plan [J].
Agnew, J ;
Balduzzi, P ;
Sundén, A .
AMERICAN ECONOMIC REVIEW, 2003, 93 (01) :193-215
[2]  
[Anonymous], 2007, 13565 NBER
[3]   BEYOND REVEALED PREFERENCE: CHOICE-THEORETIC FOUNDATIONS FOR BEHAVIORAL WELFARE ECONOMICS [J].
Bernheim, B. Douglas ;
Rangel, Antonio .
QUARTERLY JOURNAL OF ECONOMICS, 2009, 124 (01) :51-104
[4]  
BILIAS Y, 2008, 200614 CTR FIN STUD
[5]   ALLOCATION OF WEALTH TO RISKY ASSETS - ASSET STRUCTURE OF INDIVIDUAL PORTFOLIOS AND SOME IMPLICATIONS FOR UTILITY FUNCTIONS [J].
BLUME, ME ;
FRIEND, I .
JOURNAL OF FINANCE, 1975, 30 (02) :585-603
[6]   Down or out: Assessing the welfare costs of household investment mistakes [J].
Calvet, Laurent E. ;
Campbell, John Y. ;
Sodini, Paolo .
JOURNAL OF POLITICAL ECONOMY, 2007, 115 (05) :707-747
[7]   FIGHT OR FLIGHT? PORTFOLIO REBALANCING BY INDIVIDUAL INVESTORS [J].
Calvet, Laurent E. ;
Campbell, John Y. ;
Sodini, Paolo .
QUARTERLY JOURNAL OF ECONOMICS, 2009, 124 (01) :301-348
[8]   Household finance [J].
Campbell, John Y. .
JOURNAL OF FINANCE, 2006, 61 (04) :1553-1604
[9]   Up close and personal: Investor sophistication and the disposition effect [J].
Dhar, R ;
Zhu, N .
MANAGEMENT SCIENCE, 2006, 52 (05) :726-740
[10]   Equity portfolio diversification [J].
Goetzmann, William N. ;
Kumar, Alok .
REVIEW OF FINANCE, 2008, 12 (03) :433-463