00Thaler_FM i-xxvi.qxd

Table

16.3

V

erbal Savings Questionnaire with Multiple Funds per Asset Class: Mean Allocation to Equities

Fund Description and Mean Allocation:

Mean Allocation

to Equities

V

ersion

N

Fund A

Fund B

Fund C

Fund D

Fund E

(Median)

Multiple fixed-

179

Money

Savings

Insurance

Bonds

Diversified

43%

income funds

markets

14%

contracts

18%

equity

(40%)

14%

11%

43%

Multiple equity

169

Diversified

Conservative

Equity

Growth

International

68%

funds

fixed-income

equity index stock equity (75%)

32%

15%

16%

26%

11%

Notes

: Two groups of individuals were asked to allocate contributions among five funds (A, B, C, D, and E), based on a verbal descrip

tion of the com-

position of the funds. The first group was asked to allocate contributions among four fixed-income funds and an equity fund. The

specific funds are (A)

money markets, (B) saving accounts, (C) guaranteed investment contracts, (D) bonds, and (E) diversified equity. The second group

was asked to allocate

contributions among one fixed-income fund and four equity funds. The specific funds presented to the second group consist of (A)

diversified fixed-

income, (B) conservative equity income, (C) equity index, (D) growth stock, and (E) international equity. The table provides th

e allocation to equities by

group.