Diversification, Gambling and Market Forces (Digest Summary):M-H. Broihanne, M. Merli & P. Roger, Review of Quantitative Finance and Accounting, Vol. 47, No. 1 (July 2016), 129-157

Jackson, Antony (2016) Diversification, Gambling and Market Forces (Digest Summary):M-H. Broihanne, M. Merli & P. Roger, Review of Quantitative Finance and Accounting, Vol. 47, No. 1 (July 2016), 129-157. In: UNSPECIFIED CFA Institute.

Full text not available from this repository. (Request a copy)

Abstract

Investors underdiversify because of solvency constraints and preferences for lottery-type outcomes. The relationship between underdiversification and positive skewness of portfolio returns breaks down somewhat in bear markets as co-movement between stocks increases.

Item Type: Book Section
Additional Information: CFA Digest Summary of 'Diversification, Gambling and Market Forces'; M-H. Broihanne, M. Merli & P. Roger, Review of Quantitative Finance and Accounting, Vol. 47, No. 1 (July 2016), 129-157
Faculty \ School: Faculty of Social Sciences > School of Economics
Related URLs:
Depositing User: Pure Connector
Date Deposited: 08 Mar 2017 01:44
Last Modified: 27 Feb 2019 01:02
URI: https://ueaeprints.uea.ac.uk/id/eprint/62899
DOI:

Actions (login required)

View Item