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We show that household heads with a strong internal economic locus of control are more likely to hold equity and hold a …
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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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Do women invest differently than men? We contribute to the answer of this question by analysing the Panel on Household … variables in the area of household finance. We find that participation in risky assets is generally lower among women than among …
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