Thursday, June 24, 2004

SSRN-Patriotism in Your Portfolio by Adair Morse, Sophie Shive

SSRN-Patriotism in Your Portfolio by Adair Morse, Sophie Shive

Ok, so maybe, just maybe rationality can not explain everything in investments. Morse and Shive find that patriotism (and not just transaction costs) helps to explain why investors overweight investments in their home country, i.e. the home country bias.

No comments: