Simultaneous decisions under risk: An experimental investigation

Priyodorshi Banerjee and Tanmoy Das

Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), 2019, vol. 82, issue C

Abstract: Subjects faced two independent portfolio choice problems simultaneously, each requiring an allocation of a budget across one safe and one risky asset. We found that choice for one of these problems could depend on the riskiness of the risky asset in the other. Results are consistent with subjects assessing risk for any problem or portfolios in its feasible set through contrast with risk of the other problem or portfolios in its feasible set.

Keywords: Portfolio choice; Decision under risk; Simultaneous decisions; Risk contrast (search for similar items in EconPapers)
JEL-codes: D01 D81 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:eee:soceco:v:82:y:2019:i:c:s2214804318305007

DOI: 10.1016/j.socec.2019.101454

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