EX‐ANTE EXPECTATIONS AND PORTFOLIO SELECTION
Abstract
This paper examines differences among investors who are relatively optimistic/pessimistic regarding the performance of the stock market in terms of portfolio composition and trading activity. Findings indicate that investors more pessimistic regarding the stock market are likely to: (1) channel their funds into leveraged and tax advantageous investments, and (2) trade less frequently on the stock market. Copyright © 1984, Wiley Blackwell. All rights reserved
Publication Title
Financial Review
Recommended Citation
McInish, T., & Srivastav, R. (1984). EX‐ANTE EXPECTATIONS AND PORTFOLIO SELECTION. Financial Review, 19 (1), 84-96. https://doi.org/10.1111/j.1540-6288.1984.tb01086.x
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