Do Finance Professors Invest Like Everyone Else?
Posted: 21 Aug 2014
Date Written: September 24, 2012
Comparing the results of the Fed’s Survey of Consumer Finances with those of a survey of finance professors at U.S. universities, the authors found that finance professors are significantly more likely than others to invest in equities. They also found that finance professors are less prone to behavioral biases because their decision not to invest in equities is based on neither the outcome of their past investments nor their short-term expectations of the market.
Keywords: Equity Investments, Behavioral Finance, Behavioral Biases, Overconfidence and Excessive Optimism, Individual Investor Behavioral Biases, Individual Stock Trading Behavior, Portfolio Management, Equity Portfolio Management Strategies
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