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Heterogeneity in Expectations, Risk Tolerance, and Household Stock Shares: The Attenuation Puzzle
This paper jointly estimates the relationship between stock share and expectations and risk preferences. The survey allows individual-level, quantitative estimates of risk tolerance and of the perceived mean and variance of stock returns. These estimates have economically and statistically significa...
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| Udgivet i: | J Bus Econ Stat |
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| Main Authors: | , , , |
| Format: | Artigo |
| Sprog: | Inglês |
| Udgivet: |
2019
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| Fag: | |
| Online adgang: | https://ncbi.nlm.nih.gov/pmc/articles/PMC7518143/ https://ncbi.nlm.nih.gov/pubmed/32982033 https://ncbi.nlm.nih.govhttp://dx.doi.org/10.1080/07350015.2018.1549560 |
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