Do entrepreneurs consider the risk of their business equity when making investment portfolio allocations? Many people compartmentalize different risks and consider them separately, called mental accounting. Alternatively, the risk substitution hypothesis suggests that entrepreneurs would offset...

Would you like to be a millionaire? While alternative investments are an option, this easy-to-read guide focuses on traditional investments - stocks, bonds, and cash or cash equivalents. Especially written for novice investors, if you want to become a millionaire and don't have the luck to buy a...

We find individuals are four times more likely to purchase stocks of their local direct utility company as opposed to utility companies operating outside their state of residence. Our tests reveal that individuals do not possess superior or private information about their local utilities....