Once bitten, twice shy: The power of personal experiences in risk taking

We study whether personal experiences are so powerful that they make individuals actively shy away from risk. Our research design relies on portfolio decisions relating to inheritances, which alter the active decision from one of choosing to take risk to one of choosing to reduce risk. Experience de...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	Journal of financial economics 2019-06, Vol.132 (3), p.97-117
Hauptverfasser:	Andersen, Steffen, Hanspal, Tobin, Nielsen, Kasper Meisner
Format:	Artikel
Sprache:	eng
Schlagworte:	Economic crisis Experiences Financial crisis Household finance Inheritances Personal experiences Portfolios Power Relatives Risk factors Risk reduction Risk taking
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!