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' investments in risky assets. We estimate a structural equation model with data from the Panel on Household Finances of the German … financial market. The higher the financial literacy, the lower is the risk aversion. The lower the risk aversion, the higher is …
Persistent link: https://www.econbiz.de/10015193604
' investments in risky assets. We estimate a structural equation model with data from the Panel on Household Finances of the German … financial market. The higher the financial literacy, the lower is the risk aversion. The lower the risk aversion, the higher is …
Persistent link: https://www.econbiz.de/10015406686
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
Persistent link: https://www.econbiz.de/10011599649
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
Persistent link: https://www.econbiz.de/10011696937
Persistent link: https://www.econbiz.de/10011696939
The financial and the insurance markets are increasingly penetrating each other, accounting for the fact that insurers … opportunities, although it is not devoid of faults, mercilessly exposed by consecutive stock market collapses. Do insurance …
Persistent link: https://www.econbiz.de/10010289554