Investor aversion to risk varies over the course of the economic cycle. In the current recovery, the rebound in risk …-taking is near the top of the historical range. The pace of economic growth does not appear to explain the increase in risk … decline in the spread between risky and risk-free bonds. …

past gains and losses on investors’ risk aversion. The paper first presents a simple model examining how heterogeneous … changes in investors’ risk aversion affects portfolio decisions and stock prices. Second, the paper shows empirically that …

There is evidence that risk-taking behavior is influenced by prior monetary gains and losses. When endowed with house … money, people become more risk taking. This paper is the first to report a house money effect in a dynamic, financial …

According to disposition effect theory, people hold losing investments too long. However, many investors eventually …

accountable for the non-financial consequences of their investments and many funds have engaged in responsible investing. However … funds’ responsible investments on the basis of a survey of more than 250 pension funds in 15 European countries in 2010. We …

. Using data from a survey of older adults in Ismailia governorate, we consider parents’ past investments in childbearing …. Most parental investments are associated with frequent visits from children. The assistance children provide to parents is … surviving children is most strongly associated with parents’ receipt of multiple types of later-life returns. Investments in …