Quotation Stephens, Thomas Alexander, Tyran, Jean-Robert. 2011. Does Inflation Distort Investment Decisions?. Confronting Theory with Experimental Data and Vice Versa, Norwegian School of Economics (NHH), Bergen, Norwegen, 07.11-11.11.


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Abstract

We investigate the effect of nominal framing on investment decisions. As part of a large-scale internet experiment, we present a large, heterogeneous sample of subjects with a series of stylized investment decisions, presenting given real returns as either nominal gains or losses. In each decision, subjects choose how much to invest, and how to allocate their investment between a relatively risky and a relatively safe option. We find that investment decisions are driven by both real returns and nominal framing.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Paper presented at an academic conference or symposium
Language English
Title Does Inflation Distort Investment Decisions?
Event Confronting Theory with Experimental Data and Vice Versa, Norwegian School of Economics (NHH)
Year 2011
Date 07.11-11.11
Country Norway
Location Bergen
URL http://www.nhh.no/

Associations

People
Stephens, Thomas Alexander (Former researcher)
External
Tyran, Jean-Robert (Universität Wien, Austria)
Organization
Department of Economics (Sausgruber) (Details)
Research areas (ÖSTAT Classification 'Statistik Austria')
5300 Economics (Details)
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