Klos, Alexander; Langer, Thomas; Weber, Martin - Sonderforschungsbereich 504 "Rationalitätskonzepte, …; … - 2002
The question how an allocation decision is influenced by the investment horizon is of highest practical relevance, in particular in the context of retirement savings. Practitioners refer to the law of large numbers to argue that for a sufficiently long investment horizon it is almost certain to...