TY  - CHAP
TI  - Does Inflation Distort Financial Investment Decisions?
AB  - 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.
AF  - 6th Nordic Conference on Behavioural and Experimental Economics
PP  - Lund
UR  - http://www.nek.lu.se/ryde/NordicExper11/default.htm
PY  - 2011-02-01
AU  - Stephens, Thomas Alexander 
AU  - Tyran, Jean-Robert 
ER -