The role of salience in protfolio formation

dc.contributor.author	da Silva Rosa, R.
dc.contributor.author	Durand, Robert
dc.date.accessioned	2017-01-30T12:01:48Z
dc.date.available	2017-01-30T12:01:48Z
dc.date.created	2015-03-03T03:50:48Z
dc.date.issued	2008
dc.identifier.citation	da Silva Rosa, R. and Durand, R. 2008. The role of salience in protfolio formation. Pacific-Basin Finance Journal. 16: pp. 78-94.
dc.identifier.uri	http://hdl.handle.net/20.500.11937/17427
dc.identifier.doi	10.1016/j.pacfin.2007.04.008
dc.description.abstract	We analyze the likelihood of a stock being included in an investor's portfolio, utilizing a dataset whichholds the information opportunity set constant for each of the over 1000 student investors in our sample.Investors rely on the availability heuristic: salience (the number of stories in the national press about a stock in the month before the portfolios are formed) captures over 50% of the variation in our dependent variable.
dc.publisher	Elsevier
dc.subject	Availability heuristic
dc.subject	Behavioral finance
dc.title	The role of salience in protfolio formation
dc.type	Journal Article
dcterms.source.volume	16
dcterms.source.startPage	78
dcterms.source.endPage	94
dcterms.source.issn	0927-538X
dcterms.source.title	Pacific-Basin Finance Journal
curtin.accessStatus	Fulltext not available