Barasinska, Nataliya; Schäfer, Dorothea; Stephan, Andreas - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009
This paper explores the relationship between self-declared risk aversion of private investors and their willingness to hold diversified portfolios of financial assets. The analysis is based on household survey data from the German Socioeconomic Panel (SOEP) that provides a reliable measure of...
