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External Habit Formation and the Home Bias Puzzle
16 references·9 citing·33 second hop
External Habit Formation and the Home Bias Puzzle (2002)External Habit Formation and the Home Bia…Social Interaction and Stock‐Market Participation (2004)Social Interaction and Stock‐…The Geography of Investment: Informed Trading and Asset Prices (2001)The Geography of Investment: …Familiarity Breeds Investment (2001)Familiarity Breeds InvestmentThe Six Major Puzzles in International Macroeconomics: Is There a Common Cause? (2000)The Six Major Puzzles in Inte…Trying to Explain Home Bias in Equities and Consumption (1999)Trying to Explain Home Bias i…Home Bias at Home: Local Equity Preference in Domestic Portfolios (1999)Home Bias at Home: Local Equi…By Force of Habit: A Consumption‐Based Explanation of Aggregate Stock Market Behavior (1999)By Force of Habit: A Consumpt…Foundations of International Macroeconomics (1997)Foundations of International …Will raising the incomes of all increase the happiness of all? (1995)Will raising the incomes of a…Home bias and high turnover (1995)Home bias and high turnoverInvestor Diversification and International Equity Markets (1991)Investor Diversification and …Habit Formation: A Resolution of the Equity Premium Puzzle (1990)Habit Formation: A Resolution…Asset Prices under Habit Formation and Catching up with the Joneses (1990)Asset Prices under Habit Form…The Valuation of Uncertain Income Streams and the Pricing of Options (1976)The Valuation of Uncertain In…Does Economic Growth Improve the Human Lot? Some Empirical Evidence (1974)Does Economic Growth Improve …Income, Saving and the Theory of Consumer Behavior. (1950)Income, Saving and the Theory…Does relative risk aversion vary with wealth? Evidence from households׳ portfolio choice data (2016)Does relative risk aversion v…Advances in Consumption-Based Asset Pricing: Empirical Tests (2011)Advances in Consumption-Based…Implications of Keeping‐Up‐with‐the‐Joneses Behavior for the Equilibrium Cross Section of Stock Returns: International Evidence (2009)Implications of Keeping‐Up‐wi…Information Diffusion Effects in Individual Investors' Common Stock Purchases Covet Thy Neighbors' Investment Choices (2007)Information Diffusion Effects…Risk and Career Choice (2005)Risk and Career ChoiceKeeping Up with the Joneses: Evidence from Micro Data (2005)Keeping Up with the Joneses: …Equity Home Bias and Regret: An International Equilibrium Model (2005)Equity Home Bias and Regret: …Do Wealth Fluctuations Generate Time-Varying Risk Aversion? Micro-Evidence on Individuals' Asset Allocation (2005)Do Wealth Fluctuations Genera…Land of Addicts? An Empirical Investigation of Habit-Based Asset Pricing Behavior (2004)Land of Addicts? An Empirical…Nebraska Symposium on Motivation: 1955 (1957)The Social Desirability Variable in Personality Assessment and Research (1958)The Structure of Psychological Well-Being. (1970)Subjective Well-Being (1984)Subjective well-being: Three decades of progress. (1999)Optimum consumption and portfolio rules in a continuous-time model (1971)Time to Build and Aggregate Fluctuations (1982)Noise Trader Risk in Financial Markets (1990)Consumption, Aggregate Wealth, and Expected Stock Returns (2001)Investor Psychology and Asset Pricing (2001)The pattern of human concerns (1965)On Economic Inequality (1973)The Penn World Table (Mark 5): An Expanded Set of International Comparisons, 1950-1988 (1991)Developments in the Measurement of Subjective Well-Being (2006)Взаимосвязь статуса занятости и пола с уровнем психологического благополучия (2026)Increasing Returns and Economic Geography (1990)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)Does Distance Still Matter? The Information Revolution in Small Business Lending (2002)Information and the Cost of Capital (2004)The Limits of Financial Globalization (2005)An Equilibrium Model of “Global Imbalances” and Low Interest Rates (2008)Cultural Biases in Economic Exchange? * (2009)Satisfaction and comparison income (1996)The analysis of household surveys (1997)Relative Income, Happiness, and Utility: An Explanation for the Easterlin Paradox and Other Puzzles (2008)International Asset Allocation With Regime Shifts (2002)The determinants of cross-border equity flows (2004)Prospect Theory and Asset Prices (2001)Investor Psychology and Security Market Under‐ and Overreactions (1998)Risks for the Long Run: A Potential Resolution of Asset Pricing Puzzles (2000)Financial Globalization: A Reappraisal (2006)Why Doesn't Capital Flow from Rich to Poor Countries? An Empirical Investigation (2008)
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References

  • 1999By Force of Habit: A Consumption‐Based Explanation of Aggregate Stock Market Behavior5,088 cited
  • 1974Does Economic Growth Improve the Human Lot? Some Empirical Evidence4,501 cited
  • 1995Will raising the incomes of all increase the happiness of all?3,120 cited
  • 1997Foundations of International Macroeconomics2,980 cited
  • 1999Home Bias at Home: Local Equity Preference in Domestic Portfolios2,898 cited
  • 1991Investor Diversification and International Equity Markets2,542 cited
  • 1950Income, Saving and the Theory of Consumer Behavior.2,197 cited
  • 1990Habit Formation: A Resolution of the Equity Premium Puzzle2,129 cited
  • 2000The Six Major Puzzles in International Macroeconomics: Is There a Common Cause?2,067 cited
  • 1990Asset Prices under Habit Formation and Catching up with the Joneses2,021 cited
  • 2001The Geography of Investment: Informed Trading and Asset Prices2,004 cited
  • 2001Familiarity Breeds Investment1,920 cited
  • 2004Social Interaction and Stock‐Market Participation1,826 cited
  • 1976The Valuation of Uncertain Income Streams and the Pricing of Options1,620 cited
  • 1999Trying to Explain Home Bias in Equities and Consumption1,364 cited

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  • 1995Home bias and high turnover1,245 cited
  • Cited by

    • 2005Risk and Career Choice77 cited
    • 2004Land of Addicts? An Empirical Investigation of Habit-Based Asset Pricing Behavior51 cited
    • 2009Implications of Keeping‐Up‐with‐the‐Joneses Behavior for the Equilibrium Cross Section of Stock Returns: International Evidence47 cited
    • 2011Advances in Consumption-Based Asset Pricing: Empirical Tests39 cited
    • 2005Equity Home Bias and Regret: An International Equilibrium Model30 cited
    • 2007Information Diffusion Effects in Individual Investors' Common Stock Purchases Covet Thy Neighbors' Investment Choices30 cited
    • 2005Keeping Up with the Joneses: Evidence from Micro Data25 cited
    • 2005Do Wealth Fluctuations Generate Time-Varying Risk Aversion? Micro-Evidence on Individuals' Asset Allocation22 cited
    • 2016Does relative risk aversion vary with wealth? Evidence from households׳ portfolio choice data16 cited