Findings on Analytical Finance Reported by Investigators at EDHEC Business School (Life-cycle Asset Allocation With Ambiguity Aversion and Learning)

Ambiguity and learning about the equity premium can simultaneously explain the low fraction of financial wealth allocated to stocks over the life cycle and the stock market participation ...

Cited As:

Ambiguity and learning about the equity premium can simultaneously explain the low fraction of financial wealth allocated to stocks over the life cycle and the stock market participation puzzle. Individuals are ambiguous about the size of the equity premium and are averse to this ambiguity, resulting in lower stock allocations over the life cycle, consistent with the data. [...]"

Type: Press article
Date: le 24/05/2019
Research Cluster : Finance
Source : Advisory News

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