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Only Paul Could Go To Changchun

Investment Behavior in the Laboratory - preliminary

7/16/2016

 
Here.

Design of the experiment only

This paper is an experimental study of dynamic investment decisions. The  goal  of  the  experiment  is  to  test  theoretical  predictions of the effect of human capital on investment. Subjects make repeated portfolio allocation decisions, allocating their money between cash and a gamble that represents the market.  Human  capital  is simulated  by the degree to which income is correlated with the market. This preliminary  paper  describes the model  and the experimental design.


From:

Diego Pulido
McGill University

Marine de Montaignac
CIRANO

Jim Engle-Warnick
McGill University and CIRANO


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