Does Experiencing a Crash Make All the Difference? An Experiment on the Depression Babies Hypothesis
Do people who lived through the depression take fewer financial risks because of the negative returns experienced? More generally, what is the importance of historical return streams on current investment decisions? This experiment tests this experience hypothesis and finds that subjects who experie...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
SAGE Publishing
2018-05-01
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| Series: | SAGE Open |
| Online Access: | https://doi.org/10.1177/2158244018778734 |