The standard portfolio choice problem in Germany:
We study an investment experiment conducted with a representative sample of German households. Respondents invest in a safe asset and a risky asset whose return is tied to the German stock market. Experimental investments correlate with beliefs about stock market returns and exhibit desirable extern...
Gespeichert in:
| Beteiligte Personen: | , , |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | Englisch |
| Veröffentlicht: |
Berlin
WZB
2014
|
| Schriftenreihe: | Discussion paper
|
| Links: | http://bibliothek.wzb.eu/pdf/2014/ii14-308.pdf http://hdl.handle.net/10419/103211 |
| Zusammenfassung: | We study an investment experiment conducted with a representative sample of German households. Respondents invest in a safe asset and a risky asset whose return is tied to the German stock market. Experimental investments correlate with beliefs about stock market returns and exhibit desirable external validity: they predict real-life stock market participation. But many households do not significantly react to an exogenous increase in the risky asset's return. The data analysis and analogous laboratory experiments suggest that task complexity decreases the responsiveness to incentives. Modifying the return of the (simpler) safe asset has a larger effect. |
| Umfang: | 1 Online-Ressource (56 S.) graph. Darst. |
Internformat
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| 490 | 0 | |a Discussion paper | |
| 520 | 8 | |a We study an investment experiment conducted with a representative sample of German households. Respondents invest in a safe asset and a risky asset whose return is tied to the German stock market. Experimental investments correlate with beliefs about stock market returns and exhibit desirable external validity: they predict real-life stock market participation. But many households do not significantly react to an exogenous increase in the risky asset's return. The data analysis and analogous laboratory experiments suggest that task complexity decreases the responsiveness to incentives. Modifying the return of the (simpler) safe asset has a larger effect. | |
| 700 | 1 | |a Schmidt, Tobias |d 1975- |e Verfasser |0 (DE-588)130876836 |4 aut | |
| 700 | 1 | |a Weizsäcker, Georg |d 1973- |e Verfasser |0 (DE-588)122925599 |4 aut | |
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Datensatz im Suchindex
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| illustrated | Illustrated |
| indexdate | 2024-12-20T17:09:56Z |
| institution | BVB |
| language | English |
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| physical | 1 Online-Ressource (56 S.) graph. Darst. |
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| spelling | Huck, Steffen 1968- Verfasser (DE-588)113617755 aut The standard portfolio choice problem in Germany Steffen Huck ; Tobias Schmidt ; Georg Weizsäcker Berlin WZB 2014 1 Online-Ressource (56 S.) graph. Darst. txt rdacontent c rdamedia cr rdacarrier Discussion paper We study an investment experiment conducted with a representative sample of German households. Respondents invest in a safe asset and a risky asset whose return is tied to the German stock market. Experimental investments correlate with beliefs about stock market returns and exhibit desirable external validity: they predict real-life stock market participation. But many households do not significantly react to an exogenous increase in the risky asset's return. The data analysis and analogous laboratory experiments suggest that task complexity decreases the responsiveness to incentives. Modifying the return of the (simpler) safe asset has a larger effect. Schmidt, Tobias 1975- Verfasser (DE-588)130876836 aut Weizsäcker, Georg 1973- Verfasser (DE-588)122925599 aut http://bibliothek.wzb.eu/pdf/2014/ii14-308.pdf Verlag kostenfrei Volltext http://hdl.handle.net/10419/103211 Langzeitarchivierung kostenfrei Volltext |
| spellingShingle | Huck, Steffen 1968- Schmidt, Tobias 1975- Weizsäcker, Georg 1973- The standard portfolio choice problem in Germany |
| title | The standard portfolio choice problem in Germany |
| title_auth | The standard portfolio choice problem in Germany |
| title_exact_search | The standard portfolio choice problem in Germany |
| title_full | The standard portfolio choice problem in Germany Steffen Huck ; Tobias Schmidt ; Georg Weizsäcker |
| title_fullStr | The standard portfolio choice problem in Germany Steffen Huck ; Tobias Schmidt ; Georg Weizsäcker |
| title_full_unstemmed | The standard portfolio choice problem in Germany Steffen Huck ; Tobias Schmidt ; Georg Weizsäcker |
| title_short | The standard portfolio choice problem in Germany |
| title_sort | the standard portfolio choice problem in germany |
| url | http://bibliothek.wzb.eu/pdf/2014/ii14-308.pdf http://hdl.handle.net/10419/103211 |
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