Decision making usually involves uncertainty and risk. Understanding which parts of the human brain are activated … during decisions under risk and which neural processes underly (risky) investment decisions are important goals in …-related activations in space and dynamics in time. Further, we classify the risk attitudes of all subjects based on the estimated …

different risk preferences and measure efficiency with a structural model based on utility maximization. Using the almost ideal … demand system, we estimate input and profit demand functions to obtain proxies for expected return and risk. Efficiency is … then measured in this risk-return space. Mean risk-return efficiency is somewhat higher than cost and considerably higher …

of financial instruments and investment behavior in India. The results of our empirical analysis, which is based on a …

financial risk-taking. Following a major pension reform in the year 2000, virtually all Swedish adults had to simultaneously … make a financial decision affecting post-retirement wealth. We take this event as a field experiment to infer risk … preferences. We use standard techniques from behavior genetics to partition variation in risk-taking into environmental and …

We explore the link between portfolio home bias and consumption risk sharing among Italian regions using aggregated … therefore provide interregional diversification. In assessing the impact of equity fund ownership on interregional risk sharing … ownership is an important determinant of interregional risk sharing. First, diversification incentives qualitatively line up …

socioeconomic status, cognitive abilities and health problems influence portfolio choice and risk attitudes later in life. After …

. Higher risk taking may be explained by a higher degree of overconfidence, less herding behavior, or a lower degree of risk … aversion. Since the results concerning the relationship between experience and risk taking in previous studies are rather … of previous studies, we find that herding is decreasing with experience while the evidence concerning risk taking and …

of risk preferences across investors. Estimation results provide no evidence of gender differences in investors' risk …This study investigates the role of gender in financial risk-taking. Specifically, I ask whether female investors tend … expected return and its standard deviation, whereas standard deviation serves as a measure of risk. Gender differences …