Life-Cycle Asset Allocation with Ambiguity Aversion and Learning
Life-Cycle Asset Allocation with Ambiguity Aversion and Learning is a scholarly work by Kim Peijnenburg, published in 2018 in ''Journal of Financial and Quantitative Analysis''. The main subjects of the publication include monetary economics, econometrics, risk premium, Equity premium puzzle, asset pricing, equity, asset allocation, microeconomics, ambiguity, stock market, stock, economics, Sharpe ratio, ambiguity aversion, Housing market, financial literacy, and financial economics. Furthermore, I find that ambiguity leads to underdiversification, home bias, lower Sharpe ratios, and higher savings.