Essayyad, Musa; Desai, Khalid - In: International Journal of Monetary Economics and Finance 1 (2008) 3, pp. 263-283
This paper aims to test whether investors in Saudi Arabia build their portfolios in a layer-by-layer form, considering them as a pyramid of assets as described by Shefrin and Statman (2000), and to investigate whether investors diversify their investments based on their aspirations. We use...
