Bravo-Ortega, Claudio - 2005
"The home equity bias is one of the many puzzles existing in international finance. This puzzle is characterized by the … in a world mutual fund. Based on Admati's (1985) and Gehrig's (1993) noisy rational expectation models, Bravo …-Ortega tries to explain the effect of asymmetric information in the home equity bias puzzle. While asymmetric information helps to …