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Misinformed and informed asset allocation decisions of self-directed retirement plan members

  • Bhandari, Gokul
  • Deaves, Richard
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    Most defined contribution pension plan members misunderstand asset allocation, but those with higher levels of wealth managing their own money are less likely to be confused. Younger, more-educated, higher-earning advice-receiving males with a planner mindset hold more equity. Notably, an understanding of asset allocation accentuates the impact of the key factors age, income and a planner mindset.

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    File URL: http://www.sciencedirect.com/science/article/B6V8H-4RFSCRG-1/2/224a51eca79fea033d050c00ce0ae53e
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    Article provided by Elsevier in its journal Journal of Economic Psychology.

    Volume (Year): 29 (2008)
    Issue (Month): 4 (August)
    Pages: 473-490

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    Handle: RePEc:eee:joepsy:v:29:y:2008:i:4:p:473-490
    Contact details of provider: Web page: http://www.elsevier.com/locate/joep

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