The standard portfolio choice problem in Germany

Huck, Steffen; Schmidt, Tobias; Weizsäcker, Georg

[working paper]

dc.contributor.author	Huck, Steffen	de
dc.contributor.author	Schmidt, Tobias	de
dc.contributor.author	Weizsäcker, Georg	de
dc.date.accessioned	2016-02-15T10:10:05Z
dc.date.available	2016-02-15T10:10:05Z
dc.date.issued	2014	de
dc.identifier.uri	http://www.ssoar.info/ssoar/handle/document/46117
dc.description.abstract	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. (author's abstract)	en
dc.language	en	de
dc.subject.ddc	Wirtschaft	de
dc.subject.ddc	Economics	en
dc.title	The standard portfolio choice problem in Germany	de
dc.description.review	begutachtet	de
dc.description.review	reviewed	en
dc.source.volume	SP II 2014-308	de
dc.publisher.country	DEU
dc.publisher.city	Berlin	de
dc.source.series	Discussion Papers / Wissenschaftszentrum Berlin für Sozialforschung, Forschungsschwerpunkt Markt und Entscheidung, Abteilung Ökonomik des Wandels
dc.subject.classoz	Finanzwirtschaft, Rechnungswesen	de
dc.subject.classoz	Financial Planning, Accountancy	en
dc.subject.thesoz	Aktienmarkt	de
dc.subject.thesoz	stock market	en
dc.subject.thesoz	Börse	de
dc.subject.thesoz	stock exchange	en
dc.subject.thesoz	Portfolio-Management	de
dc.subject.thesoz	portfolio management	en
dc.subject.thesoz	Erwartung	de
dc.subject.thesoz	expectation	en
dc.subject.thesoz	Finanzmarkt	de
dc.subject.thesoz	financial market	en
dc.subject.thesoz	Wissen	de
dc.subject.thesoz	knowledge	en
dc.subject.thesoz	Investition	de
dc.subject.thesoz	investment	en
dc.subject.thesoz	Privathaushalt	de
dc.subject.thesoz	private household	en
dc.subject.thesoz	Artefakt	de
dc.subject.thesoz	artifact	en
dc.rights.licence	Deposit Licence - Keine Weiterverbreitung, keine Bearbeitung	de
dc.rights.licence	Deposit Licence - No Redistribution, No Modifications	en
ssoar.contributor.institution	WZB	de
internal.status	formal und inhaltlich fertig erschlossen	de
internal.identifier.thesoz	10034970
internal.identifier.thesoz	10034972
internal.identifier.thesoz	10051575
internal.identifier.thesoz	10038480
internal.identifier.thesoz	10034971
internal.identifier.thesoz	10035168
internal.identifier.thesoz	10037283
internal.identifier.thesoz	10035966
internal.identifier.thesoz	10036774
dc.type.stock	monograph	de
dc.type.document	Arbeitspapier	de
dc.type.document	working paper	en
dc.source.pageinfo	56	de
internal.identifier.classoz	1090406
internal.identifier.document	3
dc.contributor.corporateeditor	Wissenschaftszentrum Berlin für Sozialforschung gGmbH
internal.identifier.corporateeditor	381
internal.identifier.ddc	330
dc.description.pubstatus	Veröffentlichungsversion	de
dc.description.pubstatus	Published Version	en
internal.identifier.licence	3
internal.identifier.pubstatus	1
internal.identifier.review	2
internal.identifier.series	920
dc.subject.classhort	10900	de
dc.identifier.handle	https://hdl.handle.net/10419/103211
internal.check.abstractlanguageharmonizer	CERTAIN

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Finanzwirtschaft, Rechnungswesen
Financial Planning, Accountancy

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