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Start Over Author "Lichtenstein, Donald R." Journal journal of consumer affairs
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1. Why Consumers Choose Managed Mutual Funds over Index Funds: Hypotheses from Consumer Behavior.

Author

Lichtenstein, Donald R., Kaufmann, Patrick J., and Bhagat, Sanjai

Abstract

Using the literature of psychology, consumer behavior, and behavioral finance, a series of hypotheses is presented that account for consumer choices of managed over index mutual funds. Results indicate a need for consumer education to increase awareness of the benefits of index investing. (SK)

Published
1999

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