Finlands Akademi  
Sökande / Kontakt person Rantapuska, Elias
Organisation Aalto-universitetet
Projektets titel Shortlisted investments – How heuristics affect investment decisions?
Beslutnr 322357
Beslutsdatum 24.05.2019
Finansierings period 01.09.2019 - 31.08.2023
Finansiering 480 000
Beskrivning av projektet
This research project decomposes the process of how individual investors make investment decisions. Traditionally, finance theory assumes that individuals can simultaneously consider all possible investments, such as stocks and mutual funds to choose an optimal investment portfolio. In real life, individuals must simplify their decisions. One way to simplify decision-making is to split the process into two parts. An individual would first create a shortlist of investments to choose from and then select investments from the shortlist. This research project asks how peers, coworkers, family members, or the media affect the shortlist of potential investments. The project also investigates how shortlisting contributes to wealth inequality and how individuals can make better decisions from their shortlist.