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1. |
Risk-averse slope-based thresholds: Definition and empirical evaluation
by Morasca, Sadro
Publication:
2017
. pages 37-63, September 2017
Date:2017
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2. |
Time varying risk aversion / by Luigi Guiso, Paola Sapienza, Luigi Zingales
Publication:
Amsterdam Elsevier 2018
. Pages 403-421
, Abstract
Exploiting portfolio data and repeated surveys of an Italian bank's clients, we test whether investors’ risk aversion increases following the 2008 crisis. We find that, after the crisis, both qualitative and quantitative measures of risk aversion increase substantially and that affected individuals divest more stock. We investigate four explanations: changes in wealth, expected income, perceived probabilities, and emotion-based changes of the utility function. Our data are inconsistent with the first two channels, while they suggest that fear is a potential mechanism underlying financial decisions, whether by increasing the curvature of the utility function or the salience of negative outcomes.
Date:2018
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3. |
Asset pricing with beliefs-dependent risk aversion and learning / by Tony Berrada, Jérôme Detemple, Marcel Rindisbacher
Publication:
Amsterdam Elsevier 2018
. Pages 504-534
Date:2018
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4. |
When Saving is Gambling
by J. Anthony Cookson
Publication:
elsevier 2018
. pages 24-45, July 2018
Date:2018
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