Do Portfolio Distortions Reflect Superior Information or Psychological Biases?

By George M. Korniotis, Alok Kumar. Journal of Financial and Quantitative Analysis, 2013

120 citations recorded by the source corpus.

Subfields: Accounting, Finance, General Decision Sciences

View Paper: https://www.semanticscholar.org/paper/4f7282deab04b4ca27bff9c29a74a9229663de14

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Terrance Odean
2. Brad M. Barber
3. Oscar Stolper
4. Yu-Jane Liu
5. A. Walter
6. Zhengwei Wang
7. Weiqiang Zhang
8. Zhong Chu

In Finance

1. Terrance Odean
2. Brad M. Barber
3. Oscar Stolper
4. Yu-Jane Liu
5. A. Walter
6. Yi-Tsung Lee
7. Jing Jian Xiao
8. A. Lawrence

In General Decision Sciences

1. Oscar Stolper
2. A. Walter
3. Terrance Odean
4. Brad M. Barber
5. Jing Jian Xiao
6. Jeffrey Dew

Citations in the corpus

• The Cross-Section of Speculator Skill: Evidence from Day Trading (2014, background): “As in Barber, Lee, Liu, and Odean 1 See Coval, Hirshleifer, and Shumway (2008), Grinblatt, Keloharju, and Linnainmaa (2012), Korniotis and Kumar (2011, 2012), Kumar (2009), Ivkovic and Weisbenner (2005), and Ivkovic, Sialm, and Weisbenner (2008).”
• How Does Household Portfolio Diversification Vary with Financial Literacy and Financial Advice (2011, unknown): “how to invest in them (see Pohlmeier and Ulrich (1995) for such a model in another context and Calvet et al.”
• Financial Literacy, Portfolio Choice and Financial Well-Being (2016, background): “Korniotis and Kumar (2013) find that “smart” investor possess more related information and tend to hold concentrated portfolios with only a handful of stocks.”
• Financial Literacy and Portfolio Dynamics (2016, unknown): “…contracts, households face the same menu of assets (the funds o ered by the company), and they select among pre- 1This should be contrasted with explanations of heterogeneous returns based on unobserved preferences or information (see Korniotis and Kumar (2013) for a discussion on this point).”
• Financial literacy, financial advice, and financial behavior (2017, methodology): “Following Graham et al. (2009) and Korniotis and Kumar (2013), who apply this approach to infer individuals’ perceived competence and smartness, respectively, the author proceeds in two steps to obtain a demographics-based financial literacy variable.”
• Does It Pay to Pay Attention (2018, unknown): “…Keloharju, and Linnainmaa (2012) and Korniotis and Kumar (2013)), education (Von Gaudecker (2015)), wealth (Calvet, Campbell, and Sodini (2007)), experience (Korniotis and Kumar (2011) and Nicolosi, Peng, and Zhu (2009)), and portfolio concentration (Ivkovic, Sialm, and Weisbenner (2008)).”