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We compare seven established risk elicitation methods and investigate how they explain an extensive set of risky … of behavior. Using an average of seven risk elicitation methods reduces measurement noise and yields more predictive … power. A reduced set of risk items yields the same external validity as the average of all seven methods. Hence, our …
Persistent link: https://www.econbiz.de/10010461230
The low degree of stock market participation (SMP) is one of the big puzzles in finance. Numerous determinants have been proposed. We put these determinants into a structure that is derived from a standard static portfolio model. Then we discuss arguments put forward regarding specific SMP...
Persistent link: https://www.econbiz.de/10014528274
-section shows large differences as young, educated, high income, and risk tolerant investors are net buyers throughout and, thus … liquidity shocks from Covid-19 are net sellers. Given the high risk of illness, older people are hit by dual blows to both …
Persistent link: https://www.econbiz.de/10012596661
Persistent link: https://www.econbiz.de/10013384518
This study validates a survey-based measure of general risk attitude by an incentive compatible experiment among more … than 900 participants in rural Thailand. The survey measure of self-assessed risk attitude provides a useful approximation … of the experimentally derived risk attitude. This holds when we add various socio-demographic control variables to the …
Persistent link: https://www.econbiz.de/10010289009
This study validates a survey-based measure of general risk attitude by an incentive compatible experiment among more … than 900 participants in rural Thailand. The survey measure of self-assessed risk attitude provides a useful approximation … of the experimentally derived risk attitude. This holds when we add various socio-demographic control variables to the …
Persistent link: https://www.econbiz.de/10008908942
We compare seven established risk elicitation methods and investigate how they robustly explain eleven kinds of risky … behavior with 760 individuals. Risk measures are positively correlated; however, their performance in explaining behavior is … heterogeneous and, therefore, difficult to assess ex ante. To close this knowledge gap, greater diversification across risk measures …
Persistent link: https://www.econbiz.de/10011539235
We compare seven established risk elicitation methods and investigate how they robustly explain eleven kinds of risky … behavior with 760 individuals. Risk measures are positively correlated; however, their performance in explaining behavior is … heterogeneous and, therefore, difficult to assess ex ante. To close this knowledge gap, greater diversification across risk measures …
Persistent link: https://www.econbiz.de/10012968059
We compare seven established risk elicitation methods and investigate how robustly they explain eleven kinds of risky … behavior with 760 individuals. Risk measures are positively correlated; however, their performance in explaining behavior is … heterogeneous and, therefore, difficult to assess ex ante. Greater diversification across risk measures is conducive to closing this …
Persistent link: https://www.econbiz.de/10012041130
Persistent link: https://www.econbiz.de/10011432083