Paper – The Effects of Experience and Knowledge on Investor Behavior
Bazley, William J. and Korniotis, George M. and Samanez-Larkin, Gregory R., Better Together: The Effects of Experience and Knowledge on Investor Behavior (September 7, 2016). Available for download at SSRN: http://ssrn.com/abstract=2846504 “We examine the dynamics of financial knowledge and investment experience on the equity portfolio decisions of U.S. investors. We find that prior portfolio choices …