excessive financial risk. Recent theory concludes that 10-15% of a worker's wealth portfolio can be prudently invested in … higher self-rated knowledge of personal finances, and are more likely to understand the value of diversification. While …

points. In terms of proportional losses, a loss of 50% or more of the remaining cash endowment increases diversification … endowment, previous diversification strategy, relative difficulty of questions, the ability level of participants, and other … personal traits. The findings support a prospect theory-based model with a coefficient of loss aversion that is increasing in …

We explore asset holding diversification by Australian households, in particular, the household asset diversification … lower extent of, asset holding diversification. …