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This article explores the influence of competitive conditions on the evolutionary fitness of different risk preferences … capital invested in a risky asset and the amount of excessive risk accepted, where a positive value of the latter parameter … conditions on investment behavior and attitudes towards risk is significant. What is alarming is that intense competitive …
Persistent link: https://www.econbiz.de/10010309602
streuen tendenziell mit der Risikoaversion an, allerdings nur solange es sich nicht um einen "vollständig gestreuten … Anlagekorb" handelt. Die Neigung, ein Portfolio mit allen Anlageformen zu halten, nimmt mit wachsender Scheu vor dem Risiko ab …
Persistent link: https://www.econbiz.de/10011601910
Purpose - The current study aims to investigate the impacts of two behavioral biases, namely, loss aversion and overconfidence on the performance of US companies. First, the impact of loss aversion on the economic performance of companies was assessed. Second, the impact of overconfidence on...
Persistent link: https://www.econbiz.de/10013192189
Conventional estimators based on the consumption Euler equation, intensively used in studies of intertemporal consumption behavior, produce biased estimates of the effect of children on the marginal utility of consumption if consumers face credit constraints. As a more constructive contribution,...
Persistent link: https://www.econbiz.de/10011995479
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Insgesamt sind die privaten Haushaltsschuldenquoten in den meisten Ländern der EU in den letzten Jahren stark angestiegen. Eine anhaltende Verschuldung der privaten Haushalte kann negative Effekte auf die gesamte Wirtschaft haben, falls die Überschuldung so hoch ist, dass der private Konsum...
Persistent link: https://www.econbiz.de/10011693865
Persistent link: https://www.econbiz.de/10011599649
This paper attempts to analyse the level and structure of consumption servicization in Polish households in the years 2000-2015 as well as directions of changes in this regard in the years 2005-2015. In addition, causes, advantages, and disadvantages of the increase in service expenses were...
Persistent link: https://www.econbiz.de/10011984378
This study uses data from the Panel Study of Income Dynamics to examine whether self-regulation, proxied by regularly dining together with family, is associated with better financial preparedness and greater wealth accumulation across time among households. Findings reveal that individuals who...
Persistent link: https://www.econbiz.de/10011440349