particular has identified some heuristics and cognitive distortions (such as the 1/N heuristic, home bias, mental accounting or …

development and familiarity (language and distance) are considered key determinants for home bias. The literature neglects however … for this misclassification. First, we find substantially smaller home bias estimates compared to those in the literature …. Second, the explanatory power of plausible home bias determinants is lower than previously documented. Third, familiarity …