书目名称 | Proximity Bias in Investors’ Portfolio Choice |
编辑 | Ted Lindblom,Taylan Mavruk,Stefan Sjögren |
视频video | |
概述 | Provides a detailed discussion of the economic cost of proximity bias.Expands on the impacts of proximity bias beyond portfolio diversification to the welfare of households and the cost of capital for |
图书封面 |  |
描述 | .This book helps readers understand the widely documented distortion in the portfolio choice of individual investors toward proximate firms – the proximity bias phenomenon. First, it recapitulates the fundamentals of modern portfolio theory. It then goes on to describe and demonstrate different approaches on how to measure proximity bias and identifies and examines potential motives and reasons for such a bias. In addition, the book presents new analysis on the financial effects of individual investors’ proximity bias, explaining and contributing with possible policy implications on their portfolio distortion. This book will be of interest to students and researchers, as well as decision-makers in business firms and households.. |
出版日期 | Book 2017 |
关键词 | Investor behaviour; Investment strategies; Portfolio theory; Utility theory; Home bias; Local bias; Invest |
版次 | 1 |
doi | https://doi.org/10.1007/978-3-319-54762-6 |
isbn_softcover | 978-3-319-85473-1 |
isbn_ebook | 978-3-319-54762-6 |
copyright | The Editor(s) (if applicable) and The Author(s) 2017 |