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Risk Attitudes, Investment Behavior and Linguistic Variation

Bernhofer, Juliana - 2019

This paper explores the relationship between linguistic variation and individual attitudes toward risk and uncertainty. We propose an innovative marker that classifies languages according to the number of non-indicative moods in the grammatical contexts involving uncertainty. We find that...

Persistent link: https://www.econbiz.de/10012903730

Risk Attitudes, Investment Behavior and Linguistic Variation

Kovacic, Matija - 2018

Persistent link: https://www.econbiz.de/10012936612

Time delay and investment decisions : evidence from an experiment in Tanzania

Nikolov, Plamen - 2019

study, I examine how introducing a time delay into the execution of an investment plan influences individuals' risk … preferences. The field experiment proceeded in three stages: a decision stage, an execution stage and a payout stage. At the … outset, in the Decision Stage (Stage 1), each subject was asked to make an investment plan by splitting a monetary investment …

Persistent link: https://www.econbiz.de/10012118320

Stochastic Dominance and Nonparametric Comparative Revealed Risk Aversion

Heufer, Jan - 2012

It is shown how to test revealed preference data on choices under uncertainty for consistency with first and second order stochastic dominance (FSD or SSD). The axiom derived for SSD is a necessary and sufficient condition for risk aversion. If an investor is risk averse, stochastic dominance...

Persistent link: https://www.econbiz.de/10014175928

Ambiguity attitudes and surprises : experimental evidence on communicating new information within a large population sample

Minnich, Aljoscha; Roggenkamp, Hauke; Lange, Andreas - 2023

This paper investigates ambiguity attitudes for natural events (temperatures) and how they are updated following new information. Using a general population sample, we first obtain baseline ambiguity attitudes for future weather events based on real temperatures over several past days. Second,...

Persistent link: https://www.econbiz.de/10014431440

Dynamic choice, independence and emotions

Hopfensitz, Astrid; Winden, Frans A. A. M. van - 2006 - This version: September 2006

variable is the particular decision stage at which a global risk is resolved: (i) before the investment decision; (ii) after … the investment decision, but before the resolution of the decision risk; (iii) after the resolution of the decision risk …

Persistent link: https://www.econbiz.de/10011349715

Questionnaires of Risk Tolerance, Regret, Overconfidence, and Other Investor Propensities

Pan, Carrie H. - 2015

The crisis of 2008 and 2009 exposed not only the shortcomings of our financial system but also the shortcomings of the tools used by financial advisors to assess and guide investors. These include risk questionnaires. Many investors who were assessed as risk tolerant in 2007 and assigned...

Persistent link: https://www.econbiz.de/10013036514

Questionnaires of Risk Tolerance, Regret, Overconfidence, and Other Investor Propensities

Pan, Carrie H. - 2012

Typical risk questionnaires aimed at helping advisors guide investors are deficient in five ways. First, each investor has a multitude of risk tolerances, one for each goal and its mental account. Probes for one global risk tolerance miss that multitude. Second, the links between answers to...

Persistent link: https://www.econbiz.de/10013116401

Ambiguity and investor behavior

Kostopoulos, Dimitrios; Meyer, Steffen; Uhr, Charline - 2020

We relate time-varying aggregate ambiguity (V-VSTOXX) to individual investor trading. We use the trading records of more than 100,000 individual investors from a large German online brokerage from March 2010 to December 2015. We find that an increase in ambiguity is associated with increased...

Persistent link: https://www.econbiz.de/10012387918

The Realization Effect : Risk-Taking after Realized versus Paper Losses

Imas, Alex - 2014

Understanding how prior outcomes affect risk attitudes is critical for the study of choice under uncertainty. A large literature documents the influence of prior losses on subsequent risk attitudes. The findings appear contradictory: some studies find that people become more risk seeking after a...

Persistent link: https://www.econbiz.de/10013057795