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 …

This research verifies the existence of the aversion to uncertainty bias in individual financial decisions. It also … evaluates the effects of gender and knowledge in this bias. We considered a sample of 80 undergraduate management students from … Universidade Católica de Brasília. The results supported the existence of the uncertainty bias amongst individuals facing financial …