particular, we found that optimism and anxiety were a liability in unfavorable markets, leading to unreasonable levels of risk …. Impulsivity was a liability in both favorable and unfavorable markets, leading to high risk on unfavorable markets, and low risk … in favorable markets. Openness to experience was an asset in unfavorable markets, leading to adjusted risk taking …

Each economic actor is characterized by his own evaluations, traits, and strategies. Although heterogeneity of economic …

a significant determinant of household saving behavior? How does trust in different financial institutions affect the … composition of household savings? Using unique survey data for ten emerging market economies in Central, Eastern and Southeastern …

In the financial accounts as collected by the U.S. Federal Reserve, one Balance Sheet item stands out: “The Household …

We study the portfolio decision of a household with limited information-processing capacity (rational inattention or RI … increases with the degree of inattention because inattentive investors with recursive utility face greater long-run risk and …

We study the portfolio decision of a household with limited information-processing capacity (rational inattention or RI … increases with the degree of inattention because inattentive investors with recursive utility face greater long-run risk and …

provided by the Spanish Survey of Household Finances. Using the panel component of these data I construct a measure of income … risk, and use it to test for the strength of precautionary saving. I find that an increase of 1% in the standard deviation … of income reduces household consumption by 5-7% depending on the specified model. …

This study examined the financial risk of tolerant behavior at the household level with particular emphasis on … different household sectors in Sri Lanka. The analysis measured the household willingness to take financial risk or risk … variance (ANOVA) test to compare the risk tolerance between the three main household sectors, i.e. urban, rural and estate. The …