Conniffe, Denis; O'Neill, Donal - 2009
decision of Italian households. -- Missing data ; probit model ; portfolio allocation ; risk aversion …
Keywords: missing data, probit model, portfolio allocation, risk aversion
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Donal O … application examines the portfolio allocation decisions of Italian households using the Bank of Italy’s Survey of Household Income and Wealth (SHIW). A major
advantage of SHIW for the study of portfolio allocation is that it contains a question that permits estimation of a quantitative measure of riskaversion …