Bonsang, Eric; Dohmen, Thomas - In: Journal of Economic Behavior & Organization 112 (2015) C, pp. 112-126
In this paper we investigate to what extent the decrease in the willingness to take risks with age can be traced to the cognitive aging process. We use data from the Survey of Health, Aging and Retirement in Europe (SHARE) that includes both a measure of financial risk preference and measures of...