An Experiment on Diversification and Path Dependence
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DOI: 10.1080/15427560.2020.1751628
Abstract: Abstract In an experiment where subjects can allocate their wealth between cash and two risky assets, we analyze path-dependent portfolio choices. The experiment is designed to isolate cases where subjects have no prior experiences, and… read more here.
Keywords: relative price; experiment diversification; price changes; diversification ... See more keywords