Do Older Investors Make Better Investment Decisions?

Article OPEN
George M Korniotis; Alok Kumar;
  • Journal: The Review of Economics and Statistics,volume 93,issue 1 February,pages244-265
  • Related identifiers: doi: 10.1162/REST_a_00053
  • Subject:
    mesheuropmc: education | health care economics and organizations

This paper examines the investment decisions of older individual investors. We find that older and experienced investors are more likely to follow rules of thumb that reflect greater investment knowledge. However, older investors are less effective in applying their inv... View more
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