Reinforcement learning in repeated portfolio decisions

Research, Preprint English OPEN
Linan Diao; Jörg Rieskamp;
  • Publisher: Univ. [u.a.] Jena
  • Subject: Anlageverhalten | G11 | reinforcement learning model | repeated portfolio decisions | correlation | Portfolio-Management | C91 | Betriebliche Investitionspolitik | repeated portfolio decisions, reinforcement learning model, correlation | D83
    • jel: jel:G11 | jel:C91 | jel:D83
      ddc: ddc:330

How do people make investment decisions when they receive outcome feedback? We examined how well the standard mean-variance model and two reinforcement models predict people's portfolio decisions. The basic reinforcement model predicts a learning process that relies sol... View more
  • References (12)
    12 references, page 1 of 2

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