increases in investors' risk aversion which in turn increases investors' proneness to familiarity bias. I hypothesize that … volatility is high. The average home bias and country concentration of investors' foreign holdings are of 8-10% larger during …

study how these endogenous effects influence traditional measures of risk-adjusted performance. We show that structural …

study how these endogenous effects influence traditional measures of risk-adjusted performance. We show that structural …

-established determinants of returns from the real world also affect asset prices in this market, despite the absence of systematic risk. The …

managers to achieve better returns, but they could also result in excessive risk taking. While we find evidence that these …

We assess the ability of different risk profiling measures to predict risk taking along a multi-stage decision process …. The latter involves decisions under ambiguity, decisions under risk, decisions after gaining experience and decisions … after receiving outcome information on previous decisions. We find that in all decisions risk taking can be predicted by …

investigate how reputational motives (i.e., the public announcement of the winners or losers) influence risk-taking in investment …. We find that reputational motives play a minor role among financial professionals, as the risk-taking of underperformers … risk-taking levels that come close to those of professionals when winners or losers are announced publicly. This indicates …

risk. Our novel theoretical model explains entrepreneurial under-diversification by measuring the amount of potential bias …