A Matter of Attitude : Estimation of the Risk Attitude of the Representative UK Pension Fund Investor

The purpose of this paper is to use UK pension funds asset allocation information to model the risk attitude of the representative UK pension fund investor. Unlike the previous literature on loss aversion, we find that UK pension funds display risk aversion with respect to gains and to losses. Such a finding suggests a greater degree of responsibility by UK pension funds than they are usually credited with

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Year of publication:	[2007]
Authors:	Satchell, Stephen E.
Other Persons:	Xia, Wei (contributor)
Publisher:	[2007]: [S.l.] : SSRN

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Extent:	1 Online-Ressource (7 p)
Type of publication:	Book / Working Paper
Notes:	In: Life & Pensions, pp. 34-40, December 2006
Classification:	C13 - Estimation ; G11 - Portfolio Choice ; G23 - Pension Funds; Other Private Financial Institutions
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012777510