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Financial risk aversion and household asset diversification
Barasinska, Nataliya; Schäfer, Dorothea; Stephan, Andreas - 2009
This paper explores the relationship between self-declared risk aversion of private investors and their willingness to hold diversified portfolios of financial assets. The analysis is based on household survey data from the German Socioeconomic Panel (SOEP) that provides a reliable measure of...
Persistent link: https://www.econbiz.de/10011387313
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Individual risk attitudes and the composition of financial portfolios : evidence from German household portfolios
Barasinska, Nataliya; Schäfer, Dorothea; Stephan, Andreas - 2011 - Postprint
This paper explores the relationship between the self-declared risk aversion of private investors and their propensity to hold incomplete portfolios of financial assets. The analysis is based on household survey data from the German Socioeconomic Panel (SOEP) that provides a reliable measure of...
Persistent link: https://www.econbiz.de/10011487287
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Financial risk aversion and household asset diversification
Barasinska, Nataliya; Schäfer, Dorothea; Stephan, Andreas - 2008
This paper explores the relationship between risk attitude and asset diversification in household portfolios. We first examine the impact of manifested risk aversion on the total number of distinct assets held in a portfolio (naive diversification). The second part of the paper focuses on a more...
Persistent link: https://www.econbiz.de/10009729666
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Financial Risk Aversion and Household Asset Diversification
Barasinska, Nataliya; Schaefer, Dorothea; Stephan, Andreas - 2009
This paper explores the relationship between risk attitude and asset diversification in household portfolios. We first examine the impact of manifested risk aversion on the total number of distinct assets held in a portfolio (naive diversification). The second part of the paper focuses on a more...
Persistent link: https://www.econbiz.de/10014216457
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Religious activity, risk-taking preferences and financial behaviour: Empirical evidence from German survey data
Köbrich Leon, Anja; Pfeifer, Christian - 2013
, in financial markets. Using German microdata, we argue that individual religiosity is a determinant of household …. Adherents to the two main Christian religions in Germany (Protestants and Catholics) are less risk-tolerant in general, but not …. Secondly, we examine the extent to which religion-induced heterogeneity in risk-taking preferences actually influences …
Persistent link: https://www.econbiz.de/10010294476
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Religious Activity, Risk Taking Preferences, and Financial Behaviour: Empirical Evidence from German Survey Data
Leon, Anja Koebrich; Pfeifer, Christian - 2013
, in financial markets. Using German microdata, we argue that individual religiosity is a determinant of household …. Adherents to the two main Christian religions in Germany (Protestants and Catholics) are less risk-tolerant in general, but not …. Secondly, we examine the extent to which religion-induced heterogeneity in risk-taking preferences actually influences …
Persistent link: https://www.econbiz.de/10010643252
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Financial risk aversion and household asset diversification
Barasinska, Nataliya (contributor);  … - 2008
This paper explores the relationship between risk attitude and asset diversification in household portfolios. We first examine the impact of manifested risk aversion on the total number of distinct assets held in a portfolio (naive diversification). The second part of the paper focuses on a more...
Persistent link: https://www.econbiz.de/10003746615
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Is local bias a cross-border phenomenon? : evidence from individual investors’ international asset allocation
Baltzer, Markus; Stolper, Oscar; Walter, Andreas - 2013
Extant literature consistently documents that investors tilt their domestic equity portfolios towards regionally close stocks (local bias). We hypothesize that individual investors’ local bias is not limited to the domestic sphere but instead also determines their international investment...
Persistent link: https://www.econbiz.de/10009740268
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Life-Cycle Asset Allocation with Ambiguity Aversion and Learning
Peijnenburg, Kim - 2016
Ambiguity and learning about the equity premium can simultaneously explain the low fraction of financial wealth allocated to stocks over the life cycle and the stock market participation puzzle. Individuals are ambiguous about the size of the equity premium and are averse to this ambiguity,...
Persistent link: https://www.econbiz.de/10013008689
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Risky assets in Europe and the US : risk vulnerability, risk aversion and economic environment
Bekhtiar, Karim; Fessler, Pirmin; Lindner, Peter - 2019
We use cross-country microdata to analyse the risk taking of households in Europe and the US. Concerning the extensive …
Persistent link: https://www.econbiz.de/10011997521