New model reveals key to international portfolio success and exchange rates
The article explores how people make decisions about what to buy and invest in, even when they don't have all the information. By studying how individuals choose what to spend their money on and where to invest it, the researchers found that these decisions can help us understand why people don't always spread their investments across different countries. They also discovered that the relationship between how much people in different countries spend and the value of their money can be different from what we usually expect. This research shows that the way people make financial choices can give us clues about how well they understand the world around them.