three-months intervals for their willingness to take risk, three-months expectations of returns and risks for the market and … their own portfolio, and self-reported risk attitude. This unique dataset allowed us to analyze how these variables changed … over time, and whether changes in risk taking were related to changes in expectations and/or risk attitudes. Risk taking …

weights unknown leads to greater similarity in levels of portfolio volatility (across different levels of risk of the risky …When faced with the challenge of forming a portfolio containing a risky and a risk-free asset, investors tend to apply … the same portfolio weights independently of the volatility of the risky asset. This “percentage heuristic” can lead to …

This paper investigates two research questions: Do investors see a relationship between risk attitude and the amount … experimental study, investors allocate an amount between a risky and a risk-free asset. Investors' risk attitude predicts risk … allocation to the risky asset independently of its volatility, thus amassing significantly different portfolios …

men. Once risk attitude is controlled for, this effect shrinks to only 2.6 percent. We find no difference when single … participation is mainly explained by different risk attitudes and monetary endowments, but women would participate even less in the … capital market if they reacted as sensitively to risk aversion as their male counterparts. Lastly, given participation in the …

managers to achieve better returns, but they could also result in excessive risk taking. While we find evidence that these …

experimental studies and the conclusion has been drawn that banks could in fact influence investors' risk taking behavior by … superimpose the standard MLA effect and generate unexpected dynamic patterns of risk taking behavior …