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Locus of Control and Consistent Investment Choices

Pinger, Pia R. - 2018

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

Locus of Control and Investment in Risky Assets

Salamanca, Nicolas - 2016

larger share of equity in their investment portfolio. This relation holds when we control for economic preferences and …

Persistent link: https://www.econbiz.de/10012977336

Household Finances and the 'Big Five' Personality Traits

Brown, Sarah - 2011

We explore the relationship between household finances and personality traits from an empirical perspective. Specifically, using individual level data drawn from the British Household Panel Survey, we analyse the influence of personality traits on financial decision-making at the individual...

Persistent link: https://www.econbiz.de/10013117198

Time Delay and Investment Decisions : Evidence from an Experiment in Tanzania

Nikolov, Plamen - 2019

study, I examine how introducing a time delay into the execution of an investment plan influences individuals' risk … outset, in the Decision Stage (Stage 1), each subject was asked to make an investment plan by splitting a monetary investment … amount between a risky asset and a safe asset. Subjects were informed that the investment plans they made in the Decision …

Persistent link: https://www.econbiz.de/10012862462

Locus of Control and Savings

Cobb-Clark, Deborah A. - 2013

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

Early Health, Risk Aversion and Stock Market Participation

Bockerman, Petri - 2019

To examine the relationship between early health status and financial decisions in adulthood, we link information on birth weight in 1966 from the Northern Finland Birth Cohort to data from the Finnish Central Securities Depository over the period of 1995-2010. We find that persons predisposed...

Persistent link: https://www.econbiz.de/10012870140

The Coming Wave : Where Do Emerging Market Investors Put Their Money?

Karolyi, George Andrew - 2015

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

Learning to Take Risks? The Effect of Education on Risk-Taking in Financial Markets

Black, Sandra E. - 2015

We investigate whether acquiring more education when young has long-term effects on risk-taking behavior in financial markets and whether the effects spill over to spouses and children. There is substantial evidence that more educated people are more likely to invest in the stock market....

Persistent link: https://www.econbiz.de/10013025862

Financial Advice and Household Financial Portfolios

Brown, Sarah; Bucciol, Alessandro; Montagnoli, Alberto; … - 2023

We investigate the role of financial advice in shaping the composition of household portfolios in Great Britain. Advice is associated with a reallocation of wealth away from real estate and towards bonds and stocks, especially when households seek financial advice "for investments". Having a...

Persistent link: https://www.econbiz.de/10014258262

Crowdfunding, Cascades and Informed Investors

Parker, Simon C. - 2014

Do higher proportions of (a) informed investors and (b) high-quality projects increase the number of good projects that are ultimately financed via crowdfunding? A simple model and simulation reveals the answers to both questions to be: 'not necessarily'

Persistent link: https://www.econbiz.de/10013057901

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