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Canner, Niko

Overview
Works: 4 works in 17 publications in 1 language and 96 library holdings
Roles: Author
Classifications: H62.5.U5, 332.6
Publication Timeline
Key
Publications about Niko Canner
Publications by Niko Canner
Most widely held works by Niko Canner
An asset allocation puzzle by Niko Canner( Book )
14 editions published in 1994 in English and held by 67 libraries worldwide
This paper examines popular advice on portfolio allocation among cash, bonds, and stocks. It documents that this advice is inconsistent with the mutual-fund separation theorem, which states that all investors should hold the same composition of risky assets. In contrast to the theorem, popular advisors recommend that aggressive investors hold a lower ratio of bonds to stocks than conservative investors. The paper explores various possible explanations of this puzzle. It concludes that the portfolio recommendations can be explained if popular advisors base their advice on the unconditional distribution of nominal returns. It also finds that the cost of this money illusion is small, as measured by the distance of the recommended portfolios from the mean-variance efficient frontier
Extending the limits of economics : foundations of rationality and value in Adam Smith and J.S. Mill by Niko Canner( Archival Material )
1 edition published in 1994 in English and held by 2 libraries worldwide
Wittgenstein in the trenches, 1916 by Niko Canner( Book )
1 edition published in 1993 in English and held by 1 library worldwide
An asset allocation puzzle by Niko Canner( Article )
1 edition published in 1997 in English and held by 1 library worldwide
 
Languages
English (17)
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