Information Acquisition and Under-Diversification

By Stijn Van Nieuwerburgh, Laura L. Veldkamp. 2010

472 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/5815a243f968f8f176cf39c1ddd49976830b091d

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Citations in the corpus

Chapter 21 - Household Finance: An Emerging Field∗ (2013, unknown): “29 Beauchamp et al. (2011) is a recent review of the literature.”
How Does Household Portfolio Diversification Vary with Financial Literacy and Financial Advice (2011, unknown): “The pattern suggests that policies targeting 1Very recently, van Nieuwerburgh and Veldkamp (2010) provided a rationale for low diversification based on information costs.”
Financial Expertise as an Arms Race (2012, unknown): “Investors in Van Nieuwerburgh and Veldkamp (2010) allocate their information acquisition resources across financial assets and make portfolio decisions simultaneously.”
A Rational Theory of Mutual Funds' Attention Allocation (2016, methodology): “Existing mutual fund theories explain fund flows and fees, but do not tell us how funds add value.1 Existing models of information processing and portfolio choice either prohibit managers from choosing between aggregate or idiosyncratic information (Van Nieuwerburgh and Veldkamp 2010), or require th”
Diversification and Its Discontents: Idiosyncratic and Entrepreneurial Risk in the Quest for Social Status (2010, unknown): “Among other approaches are models based on non-expected utility preferences, such as cumulative prospect theory (Barberis and Huang (2008)) and rank-dependent utility (Polkovnichenko (2005)), model misspecification and learning costs (Uppal and Wang (2003), Van Nieuwerburgh and Veldkamp (2010)), “fa”
Search Based Peer Firms: Aggregating Investor Perceptions through Internet Co-Searches (2015, methodology): “These findings help shed light on investor information acquisition behavior that complements theoretical work on the subject (Van Nieuwerburgh and Veldkamp, 2010).”
Does It Pay to Pay Attention (2018, unknown): “The second dimension of information acquisition – as modeled by Van Nieuwerburgh and Veldkamp (2009, 2010) – involves allocating attention across the assets considered.”
Mean field and n‐agent games for optimal investment under relative performance criteria (2017, background): “Other representative works include Boyle, Garlappi, Uppal, and Wang (2012); Kacperczyk, Sialm, and Zheng (2005); Liu (2014); Mitton and Vorkink (2007); Van Nieuwerburgh and Veldkamp (2009, 2010); Uppal and Wang (2003).”
Big data in finance and the growth of large firms (2018, background): “For a formal proof of this result, see Van Nieuwerburgh and Veldkamp (2010).”
How Does Household Portfolio Diversification Vary with Financial Literacy and Financial Advice?: Financial Literacy and Household Portfolio Diversification (2015, unknown): “For example, it could reflect superior information (Nieuwerburgh and Veldkamp, 2010).”
Investor Attention and Stock Market Volatility (2015, unknown): “Peng and Xiong (2006), Kacperczyk, Van Nieuwerburgh, and Veldkamp (2009), and Van Nieuwerburgh and Veldkamp (2010) study attention allocation problems when information-processing capacity is limited.”