Showing 1 - 10 of 623
. Combining these estimates with data on Spanish households' financial decisions from the Survey of Household Finances (EFF …
Persistent link: https://www.econbiz.de/10013136779
We study the influence of risk and time preferences on trust and trustworthiness by conducting a field experiment in Vietnamese villages and by estimating the parameters of the Cumulative Prospect Theory and of quasi-hyperbolic time preferences. We find that while probability sensitivity or risk...
Persistent link: https://www.econbiz.de/10013099719
We explore asset holding diversification by Australian households, in particular, the household asset diversification … doing, recent literature on the modelling of proportions is combined with the growing body of research concerning household …
Persistent link: https://www.econbiz.de/10013051019
This paper analyzes the relationship between individuals' locus of control and their savings behavior, i.e. wealth accumulation, savings rates, and portfolio choices. Locus of control is a psychological concept that captures individuals' beliefs about the controllability of life events and is a...
Persistent link: https://www.econbiz.de/10013071285
We show that household heads with a strong internal economic locus of control are more likely to hold equity and hold a …
Persistent link: https://www.econbiz.de/10012977336
We examine how emerging market (EM) investors allocate their stock portfolios internationally. Using both country-level and institution-level data, we find that the coming wave of EM investors systematically over- and under-weight their holdings in some target countries. These abnormal foreign...
Persistent link: https://www.econbiz.de/10013013596
We document that an internal locus of control can be hindering in financial market situations, where short-term outcomes are determined by chance. The reason is that internally controlled individuals may tend to (over-)react to random outcomes. Our evidence is based on an experiment in which...
Persistent link: https://www.econbiz.de/10012918221
This paper examines the nature and drivers of Vietnam's paradoxical performance in the Program for International … a centralized education system. We first document 'Vietnam advantage' in a wide-range of supply and demand …'t explain away Vietnam's positive deviance in PISA when compared to other participating developing and developed countries. We …
Persistent link: https://www.econbiz.de/10012838481
We present experimental evidence which sheds new light on why women may be less competitive than men. Specifically, we observe striking differences in how men and women respond to good and bad luck in a competitive environment. Following a loss, women tend to reduce effort, and the effect is...
Persistent link: https://www.econbiz.de/10013141427
We investigate the role of financial advice in shaping the composition of household portfolios in Great Britain. Advice …
Persistent link: https://www.econbiz.de/10014258262