The influence of portfolio characteristics and investment period on investment choice

Journal of Economic Psychology

Volumn 17, Issue 3, 1996, Pages 343-358

  Anderson, Barry F ^a   Settle, John W ^a  

^a PORTLAND STATE UNIVERSITY   (United States)

Author keywords

Anchoring and adjustment; Investment decision making; Mental accounts; Portfolio judgment; Risk assessment

Indexed keywords

EID: 0030167439     PISSN: 01674870     EISSN: None     Source Type: Journal    
DOI: 10.1016/0167-4870(96)00011-6     Document Type: Article

References (21)

1. Ainslie, G., 1992. Picoeconomics: The Strategic Interaction of Successive Motivational States within the Person. Cambridge: Cambridge University Press.
2. Elton, E. and M. Gruber, 1991. Modern Portfolio Theory and Investment Analysis (4th ed.). New York: Wiley.
3. Gigerenzer, G. and U. Hoffrage, 1995. How to improve Bayesian reasoning without instruction: Frequency formats. Psychological Review 102, 684-704.
4. Gigerenzer, G., U. Hoffrage and H. Kleinbolting, 1991. Probabilistic mental models: A Brunswikian theory of confidence. Psychological Review 98, 506-528.
5. Grether, D.M. and C.R. Plott, 1979. Economic theory of choice and the preference reversal phenomenon. American Economic Review 69, 623-638.
6. Hammond, K.R. and D.A. Summers, 1965. Cognitive dependence on linear and non-linear cues. Psychological Review 72, 215-224.
7. Kachelmeier, S.J. and M. Shehata, 1992. Examining risk preferences under high monetary incentives: Experimental evidence from the People's Republic of China. American Economic Review 82, 1120-1141.
8. Kahneman, D. and A. Tversky, 1972. Subjective probability: A judgment of representativeness. Cognitive Psychology 3, 430-454.
9. Kahneman, D. and A. Tversky, 1979. Prospect theory: An analysis of decisions under risk. Econometrica 97, 263-291.
10. Kahneman, D. and A. Tversky, 1982. Variants of uncertainty. Cognition 11, 143-158.
11. Kahneman, D. and A. Tversky, 1984. Choices, values, and frames. The American Psychologist 39, 341-350.
12. Kroll, Y., H. Levy and A. Rapoport, 1988a. Experimental tests of the separation theorem and the capital asset pricing model. The American Economic Review 78, 500-519.
13. Kroll, Y., H. Levy and A. Rapoport, (1988b). Experimental tests of the mean-variance model for portfolio selection. Organizational Behavior and Human Decision Processes 42, 388-410.
14. Payne, J.W., J.R. Bettman and E.J. Johnson, 1993. The Adpative Decision Maker. Cambridge: Cambridge University Press.
15. Riley, W.B., Jr. and K.V. Chow, 1992. Asset allocation and individual risk aversion. Financial Analysts Journal, Nov-Dec, 32-37.
16. Spetzler, C.S. and C.A. Stael von Holstein, 1975. Probability encoding in decision analysis. Management Science 22, 340-352.
17. Thaler, R.H., 1991. Quasi Rational Economics. New York: Sage.
18. Thaler, R.H. and W. de Bondt, 1991a. 'Does the stock market overreact?' In: R.H. Thaler, Quasi Rational Economics (pp. 258-273). New York: Sage.
19. Thaler, R.H. and W. de Bondt, 1991b. 'Do security analysts overreact?' In: R.H. Thaler, Quasi Rational Economics (pp. 301-309). New York: Sage.
20. Tversky, A. and D. Kahneman, 1974. Judgment under uncertainty: Heuristics and biases. Science 185, 1124-1131.
21. Wagenaar W. and S. Sagaria, 1975. Misperception of exponential growth. Perception and Psychophysics 18, 416-422.