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Familiarity Bias
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Familiarity Bias (2010)Familiarity BiasDoes Culture Affect Economic Outcomes? (2006)Does Culture Affect Economic …The determinants of cross-border equity flows (2004)The determinants of cross-bor…The Geography of Investment: Informed Trading and Asset Prices (2001)The Geography of Investment: …How Distance, Language, and Culture Influence Stockholdings and Trades (2001)How Distance, Language, and C…Familiarity Breeds Investment (2001)Familiarity Breeds InvestmentBoys will be Boys: Gender, Overconfidence, and Common Stock Investment (2001)Boys will be Boys: Gender, Ov…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…Corporate Ownership Around the World (1999)Corporate Ownership Around th…Investor Diversification and International Equity Markets (1991)Investor Diversification and …International Portfolio Choice and Corporation Finance: A Synthesis (1983)International Portfolio Choic…Regret Theory: An Alternative Theory of Rational Choice Under Uncertainty (1982)Regret Theory: An Alternative…Regret in Decision Making under Uncertainty (1982)Regret in Decision Making und…On estimating the expected return on the market (1980)On estimating the expected re…A Simplified Model for Portfolio Analysis (1963)A Simplified Model for Portfo…PORTFOLIO SELECTION* (1952)PORTFOLIO SELECTION*The familiar versus the unfamiliar: Familiarity bias amongst individual investors (2017)The familiar versus the unfam…A Study of the Factors Affecting the Choice of Investment Portfolio by Individual Investors in Singapore (2017)A Study of the Factors Affect…Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine (1953)The Framing of Decisions and the Psychology of Choice (1981)Prospect theory: An analysis of decision under risk (1988)Advances in prospect theory: Cumulative representation of uncertainty (1992)Individual differences in reasoning: Implications for the rationality debate? (2000)Risk as feelings. (2001)Portfolio Selection: Efficient Diversification of Investments (1959)THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–1964 (1968)The Adjustment of Stock Prices to New Information (1969)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)THE INDIVIDUAL INVESTOR: ATTRIBUTES AND ATTITUDES (1974)International Investment Restrictions and Closed‐End Country Fund Prices (1990)Preference and belief: Ambiguity and competence in choice under uncertainty (1991)Financial Dependence and Growth (1996)Risk Aversion in the Small and in the Large (1976)Status quo bias in decision making (1988)Theory of games and economic behavior (2019)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)Investor Psychology and Asset Pricing (2001)Information and the Cost of Capital (2004)Social Capital, Trust, and Firm Performance: The Value of Corporate Social Responsibility during the Financial Crisis (2016)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Pricing of Options and Corporate Liabilities (1973)A Theory of the Term Structure of Interest Rates (1985)On the Relation between the Expected Value and the Volatility of the Nominal Excess Return on Stocks (1993)Industry costs of equity (1997)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)A Survey of Corporate Governance (1997)Law and Finance (1998)Investor protection and corporate governance (2000)The separation of ownership and control in East Asian Corporations (2000)Earnings management and investor protection: an international comparison (2003)The Evolution of Cooperation (1981)Economic Action and Social Structure: The Problem of Embeddedness (1985)Institutions, Institutional Change and Economic Performance (1991)The Role of Social Capital in Financial Development (2004)The Economic Consequences of Legal Origins (2008)Firms and social responsibility: A review of ESG and CSR research in corporate finance (2021)Judgment under Uncertainty: Heuristics and Biases (1975)On Persistence in Mutual Fund Performance (1997)All That Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors (2007)Gender Differences in Preferences (2009)Women in the boardroom and their impact on governance and performance☆ (2009)Conditional value-at-risk for general loss distributions (2002)Optimal Versus Naive Diversification: How Inefficient is the 1/ N Portfolio Strategy? (2007)The relationship between corporate social responsibility and shareholder value: an empirical test of the risk management hypothesis (2008)
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References

  • 1952PORTFOLIO SELECTION*18,429 cited
  • 1999Corporate Ownership Around the World10,565 cited
  • 2001Boys will be Boys: Gender, Overconfidence, and Common Stock Investment5,278 cited
  • 1982Regret Theory: An Alternative Theory of Rational Choice Under Uncertainty4,041 cited
  • 2006Does Culture Affect Economic Outcomes?3,826 cited
  • 1982Regret in Decision Making under Uncertainty2,990 cited
  • 1999Home Bias at Home: Local Equity Preference in Domestic Portfolios2,898 cited
  • 1980On estimating the expected return on the market2,818 cited
  • 1963A Simplified Model for Portfolio Analysis2,740 cited
  • 1991Investor Diversification and International Equity Markets2,542 cited
  • 2001The Geography of Investment: Informed Trading and Asset Prices2,004 cited
  • 2001Familiarity Breeds Investment1,920 cited
  • 2004The determinants of cross-border equity flows1,750 cited
  • 2001How Distance, Language, and Culture Influence Stockholdings and Trades1,694 cited
  • 1983International Portfolio Choice and Corporation Finance: A Synthesis1,447 cited
  • 1999Trying to Explain Home Bias in Equities and Consumption

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  • 2017The familiar versus the unfamiliar: Familiarity bias amongst individual investors55 cited
  • 2017A Study of the Factors Affecting the Choice of Investment Portfolio by Individual Investors in Singapore38 cited