Opening book details…
Can I read The flypaper effect in individual investor asset allocation on EtoBox?
The flypaper effect in individual investor asset allocation by Choi, James J. is a nonfiction available to read on EtoBox.
What is The flypaper effect in individual investor asset allocation about?
We document a flypaper effect in asset allocation: securities received in kind "stick where they hit." We study a firm that twice changed the rules governing the securities in which its 401(k) matching contributions were initially invested. Both of these rule changes were economically neutral: employees were always free to immediately reallocate their match account balances. However, we find that most employees neither reallocate their match balances, nor offset employer-initiated changes in the match allocation by adjusting the allocation of their own contributions. Consequently, these rule changes caused dramatic shifts in participants' 401(k) portfolio risk. After examining several alternative explanations for this flypaper effect, we conclude that it is largely due to a combination of passivity and mental accounting
Who reads The flypaper effect in individual investor asset allocation?
It is typically read by self-directed learners exploring a subject in depth.
Common subject areas: history, science, philosophy, social sciences.
- Author
- Choi, James J.
- Publisher
- National Bureau of Economic Research, c2007.
- Published
- 2007
- Language
- EN
- Category
- nonfiction
More by Choi, James J.
Browse all works by Choi, James J.
Similar books
- Dynamic Asset Allocation : Modern Portfolio Theory Updated for the Smart Investor — James Picerno; Safari, an O’Reilly Media Company (2010)
- Beyond Diversification : What Every Investor Needs to Know About Asset Allocation — Sébastien Page (2021)
- Asset Allocation : Balancing Financial Risk — Roger C. Gibson (1990)
- Asset allocation for the individual investor : Los Angeles, California, May 12-13, 1986 [and] Atlanta, Georgia, June 4-5, 1986 — edited by William G. Droms; Marilyn MacGruder Barnewall ... et al.; sponsored by the Institute of Chartered Financial Analysts (1987)
- Active Asset Allocation: State-Of-The-Art Portfolio Policies, Strategies & Tactics (Institutional Investor Publication) — Robert D. Arnott; Frank J. Fabozzi (1992)
- Asset Allocation And Portfolio Management: Innovative Techniques For The Professional Investor (financial Times Management Series) — Peter J Williamson; Qionghua Hu (1994)