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hold diversified portfolios of financial assets. The analysis is based on household survey data from the German …
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This paper studies equilibrium portfolio choice and asset returns using a new model of recursive preferences called optimal risk attitude utility. Our model is an extension of recursive expected utility that allows an individual to optimally select her risk aversion parameter in response to the...
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Vorteilhaftigkeit bezogen sich in der Regel auf Teilaspekte: entweder nur die Kosten- oder nur die Steuereffekte wurden untersucht … geben, wobei Kosten- und Steuereffekte gleichermaßen berücksichtigt werden. Dabei steht nicht die Frage im Vordergrund … vorhanden sind. -- Altersvorsorge ; Private Rentenversicherung ; Riester-Förderung ; Steuern ; Kosten …
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"Household Finance: An Introduction to Individual Financial Behavior is about how individuals make financial decisions …
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This paper explores the relationship between risk attitude and asset diversification in household portfolios. We first … theory is compatible with observed diversification patterns. Based on the German Socioeconomic Panel which provides unique … socioeconomic characteristics, the propensity for taking investment risk is an important predictor of a household's diversification …
Persistent link: https://www.econbiz.de/10009729666