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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

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

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 Real Effects of Sentiment and Uncertainty

Birru, Justin; Young, Trevor - 2023

significant amplifying role for market uncertainty in the relation between sentiment and aggregate investment. A one …-standard-deviation increase in uncertainty more than doubles the effect of sentiment on investment. Moreover, allowing uncertainty …, and investment measures. We also document similar effects for aggregate equity issuance. Consistent with theory, we find …

Persistent link: https://www.econbiz.de/10014350126

Locus of control and consistent investment choices

Pinger, Pia; Schäfer, Sebastian; Schumacher, Heiner - 2018

outcomes. Our evidence is based on an experiment in which subjects repeatedly invest in two identical, uncorrelated, risky …

Persistent link: https://www.econbiz.de/10011865329

Domain-specific risk preference and cognitive ability

Park, Na Young - In: Economics letters 141 (2016), pp. 1-4

Persistent link: https://www.econbiz.de/10011616019

Booms, Recessions and Financial Turmoil : A Fresh Look at Investment Decisions under Cyclical Uncertainty

Chen, Yu-Fu - 2009

The paper studies the interaction between cyclical uncertainty and investment in a stochastic real option framework … of the link between cyclical uncertainty and investment is quantified using simulations of the model. The chief …

Persistent link: https://www.econbiz.de/10013156881