Excitation Asymmetry and the Dominant Region Bias in International Portfolio Choice

The Excitation Asymmetry and the Dominant Region Bias in International Portfolio Choice, organized by the Tinbergen Institute Amsterdam will take place on 11th March 2015 at the Tinbergen Institute Amsterdam in Amsterdam, The Netherlands. The conference will cover areas like large investments in the US cannot be explained by standard portfolio allocation models and diversification motives. Indeed, according to the mean variance portfolio theory, the market portfolio implies that investors expect a return in the US market hundreds of basis points higher than its empirical counterpart.