Despite a considerable premium on equity with respect to risk free assets, many households do not own stocks. We ask why the prevalence of stockholding is so limited. We focus on individuals' attitudes towards risk and identify relevant factors that affect the willingness to take financial...

Using modified versions of the Domain-Specific Risk-Taking (DOSPERT) scale, we conduct surveys among German and Chinese university students. Our tests confirm previous findings that risk taking is indeed domain-specific. More importantly, our results show that differences in risk behavior are...

We empirically compare the consistency among several measures of risk-taking and patience by evaluating how these variables relate to financial decisions. The variables are based on a sample of more than 700 individuals across 9 countries. The main finding is that self-reported, simple questions...

This study extends the current state of research on venture capital (VC) determinants by in-troducing a behavioral perspective. We focus on individuals' risk perception and connect it to Hofstede's cultural dimensions of individualism and uncertainty avoidance. Individualism is related to...