| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 976408 | Pacific-Basin Finance Journal | 2008 | 17 Pages |
Abstract
We analyze the likelihood of a stock being included in an investor's portfolio, utilizing a dataset which holds 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.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Raymond da Silva Rosa, Robert B. Durand,