Ben-Zion, Uri; Erev, Ido; Haruvy, Ernan; SHAVIT, TAL - Economics Department, Ben Gurion University of the Negev - 2007
Three experiments are presented that compare alternative explanations to the coexistence of risk aversion and under-diversification in investment decisions. The participants were asked to select one of several assets under two feedback conditions. In each case, one asset was a weighted...