Behavioral Portfolios: Hope for Riches and Protection from Poverty
نویسنده
چکیده
Pension Research Council Working Papers are intended to make research findings available to other researchers in preliminary form, to encourage discussion and suggestions for revision before final publication. Opinions are solely those of the authors. This paper is to appear in Pension Design and Structure: New Lessons from Behavioral Finance (forthcoming). Edited by Olivia S. Mitchell and Stephen P. Utkus. Oxford: Oxford University Press.
منابع مشابه
The Diversification Puzzle
The levels of diversification in U.S. investors’ equity portfolios present a puzzle. Today’s optimal level of diversification, measured by the rules of mean–variance portfolio theory, exceeds 300 stocks, but the average investor holds only 3 or 4 stocks. The diversification puzzle can be solved, however, in the context of behavioral portfolio theory. In behavioral portfolio theory, investors co...
متن کاملThe Effect of Integrative Positive Cognitive Behavioral Therapy on Infertility Stress and Hope in Infertile Women
Abstract: Introduction:Infertility is a complex life crisis that results in deep emotional and psychological pressures on couples. infertility and its treatment stages are areas of stress and hopelessness. The purpose of the present was to investigate the effect of a combined positive cognitive behavioral therapy approach on infertility stress and hope in infertile women. Methods:The method of ...
متن کاملHealth Insecurity and Social Protection: Pathways, Gaps, and Their Implications on Health Outcomes and Poverty
Health insecurity has emerged as a major concern among health policy-makers particularly in low- and middle-income countries (LMICs). It includes the inability to secure adequate healthcare today and the risk of being unable to do so in the future as well as impoverishing healthcare expenditure. The increasing health insecurity among 150 million of the world’s poor has moved social protection i...
متن کاملComparison of the Effectiveness of Cognitive-Behavioral Group Therapy and Hope-Based Group Therapy on Pain Perception in Patients with Multiple Sclerosis (MS)
Background and Objective: In patients with multiple sclerosis, pain is a common phenomenon and plays an important role in mental health and quality of life of these individuals. Therefore, the purpose of this study was to compare the efficacy of cognitive behavioral group therapy and hope-based group therapy on perception of pain in patients with MS. Materials and Methods: This is a quasi-exper...
متن کاملبررسی نقش پرتفوی رفتاری در تصمیمگیری سرمایهگذاران بورس اوراق بهادار تهران
More than 50 years ago Friedman and Savage stated that investors who purchase lottery tickets (risk taking behavior), buy insurance coverage (risk averse behavior) at the same time. They proposed an “S” shape utility function that features concave as loss and convex as winning. Eisenhauer and many other researchers have confirmed risk behavior as suggested by Friedman and Savage. Shefrin and St...
متن کامل