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Using harmonized wealth data and a novel decomposition approach, we show that cohort effects exist in the income profiles of asset and debt portfolios for a sample of European countries, the U.S. and Canada. We find that younger households’ participation decisions in assets are more responsive...
Persistent link: https://www.econbiz.de/10010231400
), we report that TGPF members are relatively more risk averse, exhibit a greater home investment bias, and over-react to … investment decisions under a defined contribution self-management option. Using an asset allocation dataset from members of the … engineering and to continue to lobby for restrictive investment ceilings to be revised …
Persistent link: https://www.econbiz.de/10013013392
Using harmonized wealth data and a novel decomposition approach, we show that cohort effects exist in the income profiles of asset and debt portfolios for a sample of European countries, the U.S. and Canada. We find that younger households' participation decisions in assets are more responsive...
Persistent link: https://www.econbiz.de/10010212303
This study provides evidence that investors' demographic similarity to CEOs facilitates informed trading after accounting for selective distribution of information. Mutual fund managers overweight firms whose CEOs resemble them in terms of age, ethnicity, and gender. Significantly higher trade...
Persistent link: https://www.econbiz.de/10012171464
behaviour under risk. We find that both, investment horizons and feedback frequency contribute almost equally to the effects of …We examine in an experiment the causes, consequences and possible cures of myopic loss aversion (MLA) for investment … MLA. Longer investment horizons and less frequent feedback lead to higher investments. However, when given the choice …
Persistent link: https://www.econbiz.de/10010293429
paper we address two issues related to the effects of MLA on risky investment decisions. First, we assess the relative … impact of feedback frequency and investment flexibility (via the investment horizon) on risky investments. Second, given that … we observe higher investments with a longer investment horizon, we examine conditions under which investors might …
Persistent link: https://www.econbiz.de/10010263139
behaviour under risk. We find that both, investment horizons and feedback frequency contribute almost equally to the effects of …We examine in an experiment the causes, consequences and possible cures of myopic loss aversion (MLA) for investment … MLA. Longer investment horizons and less frequent feedback lead to higher investments. However, when given the choice …
Persistent link: https://www.econbiz.de/10010263857
language may influence risk perception and investment behavior, no study has explored the causal effects of linguistic … investment decisions is amplified by risk perception. Investor characteristics that significantly affect their risk perception … investors to earnings call excerpts with randomized levels of uncertainty. The subjects were engaged in an investment game and …
Persistent link: https://www.econbiz.de/10013307955
paper we address two issues related to the effects of MLA on risky investment decisions. First, we assess the relative … impact of feedback frequency and investment flexibility (via the investment horizon) on risky investments. Second, given that … we observe higher investments with a longer investment horizon, we examine conditions under which investors might …
Persistent link: https://www.econbiz.de/10010365910
towards low-risk investment options like cash, across all age ranges, only investing in higher-risk instruments much later … less prominent as income level rises. The risk-averse investment style seen in the findings for all South African investors …Individual investment decision-making theory revolves around the logical choices an investor is expected to make to …
Persistent link: https://www.econbiz.de/10013179694