The psychological need for control drives investors to prefer familiar assets, which can lead to risk-averse behavior and a lack of portfolio diversification.

Authors

• Person: Not available Organization: CLIMB Project
  Financial Decision-Making: Psychology, Behavior & Risk Insights

Sources

• Financial Decision-Making: Psychology, Behavior & Risk Insights climbproject.org.uk CLIMB Project via serper

Referenced by nodes (1)

• portfolio diversification concept