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hold diversified portfolios of financial assets. The analysis is based on household survey data from the German …
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This paper explores the relationship between risk attitude and asset diversification in household portfolios. We first … socioeconomic characteristics, the propensity for taking investment risk is an important predictor of a household's diversification …. -- Household finances ; diversification ; financial portfolio …
Persistent link: https://www.econbiz.de/10009729666
This paper explores the relationship between risk attitude and asset diversification in household portfolios. We first … socioeconomic characteristics, the propensity for taking investment risk is an important predictor of a household's diversification …. -- household finances ; diversification ; financial portfolio …
Persistent link: https://www.econbiz.de/10003746615
kultureller Kontexte zu verstehen. Die Deutschen sind in ihrem Anlageverhalten stark sicherheitsorientiert, wobei sie ein - wie … sich gezeigt hat, nicht immer begründetes - großes Vertrauen in ihre Bankberater haben. Offenbar treten in Deutschland … guided by heterogeneous versions of rationality, thus explaining why households in bank-based systems like Germany provide …
Persistent link: https://www.econbiz.de/10009743332
This paper studies equilibrium portfolio choice and asset returns using a new model of recursive preferences called optimal risk attitude utility. Our model is an extension of recursive expected utility that allows an individual to optimally select her risk aversion parameter in response to the...
Persistent link: https://www.econbiz.de/10012116795