دانلود مقاله ISI انگلیسی شماره 50635
عنوان فارسی مقاله

سایه گذشته: ریسک پذیری مالی و رویدادهای منفی زندگی

کد مقاله سال انتشار مقاله انگلیسی ترجمه فارسی تعداد کلمات
50635 2015 16 صفحه PDF سفارش دهید محاسبه نشده
خرید مقاله
پس از پرداخت، فوراً می توانید مقاله را دانلود فرمایید.
عنوان انگلیسی
The shadow of the past: Financial risk taking and negative life events
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : Journal of Economic Psychology, Volume 48, June 2015, Pages 1–16

کلمات کلیدی
ریسک پذیری - مالکیت دارایی های مالی - رویدادهای منفی زندگی - مالی رفتاری
پیش نمایش مقاله
پیش نمایش مقاله سایه گذشته: ریسک پذیری مالی و رویدادهای منفی زندگی

چکیده انگلیسی

Based on data from the four 2004–2010 waves of the US Health and Retirement Study (HRS), we show that financial risk taking is significantly related to life-history negative events out of an individual’s control. Using observed portfolio decisions to proxy for risk taking, we find correlation with two of such individual-specific events: having been victim of a physical attack and (especially) the loss of a child are associated with lower and less frequent investments in risky assets, with an intensity similar to that of the beginning, in 2008, of a collectively experienced event such as the recent financial crisis. We also find evidence that the correlation of risk taking with a child loss is long-lasting, as opposed to the correlation with a physical attack that disappears after few years. Our analysis is more in favor of a preference-based – rather than a belief-based – explanation of the observed change in risk taking. Overall our findings indicate that the past, especially through the loss of a child, casts a long shadow that extends over individuals’ current decisions also within unrelated domains.

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پس از پرداخت، فوراً می توانید مقاله را دانلود فرمایید.