Why consumers choose managed mutual funds over index funds: Hypotheses from consumer behavior

Journal of Consumer Affairs

Volumn 33, Issue 1, 1999, Pages 187-

  Lichtenstein, Donald R ^a   Kaufmann, Patrick J ^b   Bhagat, Sanjai ^a  

^a UNIVERSITY OF COLORADO   (United States)

^b BOSTON UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 20144369768     PISSN: 00220078     EISSN: None     Source Type: Journal    
DOI: 10.1111/j.1745-6606.1999.tb00766.x     Document Type: Article

References (10)

1. Alexander, Gordon J., Jonathan D. Jones, and Peter J. Nigro (1996), "Report of the OCC/SEC Survey of Mutual Fund Investors.
2. Andreassen, Paul B. (1988), "Explaining the Price-Volume Relationship: The Difference Between Price Changes and Changing Prices," Organizational Behavior and Human Decision Processes, 41: 371-389.
3. Arkes, Hal R., Robyn M. Dawes, and Caryn Christensen (1986), "Factors Influencing the Use of a Decision Rule in a Probabilistic Task," Organizational Behavior and Human Decision Processes, 37: 93-110.
4. Belsky, Gary (1995), "Why Smart People Make Major Money Mistakes," Money, (July): 76-85.
5. Bernheim, B. Douglas and Daniel M. Garett (1996), "The Determinants and Consequences of Financial Education in the Workplace: Evidence from a Survey of Households," Stanford Working Paper #96-007.
6. Black, Pam (1994), "Index Funds: A Safer Seat for the Long-Distance Rider," Business Week, (25, April), 138-139.
7. Bogie, John C. (1996), "Six Things to Remember About Indexing, and One Not to Forget," Speech Presented at the 1996 AIMR Annual Conference in Atlanta, Georgia (8, May).
8. Carhart, Mark (1997), "On Persistence in Mutual Fund Performance," Journal of Finance, 52 (March) 1: 57-82.
9. Cox, Donald F. (1962), "The Measurement of Information Value: A Study in Consumer Decision-Making," in Emerging Concepts in Marketing, W. S. Decker (ed.), Chicago: American Marketing Association: 413-421.
10. Folkes, Valerie S. and Tina Kiesler (1991), "Social Cognition: Consumers' Inferences About the Self and Others," in Handbook of Consumer Behavior, Thomas S. Robertson and Harold H. Kassarjian (eds.), Englewood Cliffs, NJ: Prentice-Hall, Inc.: 281-315.