Countercyclical risk aversion: beyond financial professionals
We test if Cohn et al.’s (2015) experimental results on countercyclical risk aversion exhibited by financial professionals generalize to a standard student sample. In our sample, we do not find an effect of stock market bust or boom on subjects’ investments. We do not find a systematic emotional rea...
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Dokumenttyp: | Article (Journal) |
| Sprache: | Englisch |
| Veröffentlicht: |
10 March 2018
|
| In: |
Journal of behavioral and experimental finance
|
| ISSN: | 2214-6369 |
| DOI: | 10.1016/j.jbef.2018.03.001 |
| Online-Zugang: | Verlag, Volltext: http://dx.doi.org/10.1016/j.jbef.2018.03.001 Verlag, Volltext: https://www.sciencedirect.com/science/article/pii/S2214635018300522 
|
| Verfasserangaben: | Christian König-Kersting, Stefan T. Trautmann |
MARC
| LEADER | 00000caa a2200000 c 4500 | ||
|---|---|---|---|
| 001 | 1571227334 | ||
| 003 | DE-627 | ||
| 005 | 20240316100330.0 | ||
| 007 | cr uuu---uuuuu | ||
| 008 | 180320s2018 xx |||||o 00| ||eng c | ||
| 024 | 7 | |a 10.1016/j.jbef.2018.03.001 |2 doi | |
| 035 | |a (DE-627)1571227334 | ||
| 035 | |a (DE-576)501227334 | ||
| 035 | |a (DE-599)BSZ501227334 | ||
| 035 | |a (OCoLC)1340994229 | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rda | ||
| 041 | |a eng | ||
| 084 | |a 17 |2 sdnb | ||
| 100 | 1 | |a König-Kersting, Christian |d 1989- |e VerfasserIn |0 (DE-588)1110801173 |0 (DE-627)865179549 |0 (DE-576)475795989 |4 aut | |
| 245 | 1 | 0 | |a Countercyclical risk aversion |b beyond financial professionals |c Christian König-Kersting, Stefan T. Trautmann |
| 264 | 1 | |c 10 March 2018 | |
| 300 | |a 8 | ||
| 336 | |a Text |b txt |2 rdacontent | ||
| 337 | |a Computermedien |b c |2 rdamedia | ||
| 338 | |a Online-Ressource |b cr |2 rdacarrier | ||
| 500 | |a Gesehen am 20.03.2018 | ||
| 520 | |a We test if Cohn et al.’s (2015) experimental results on countercyclical risk aversion exhibited by financial professionals generalize to a standard student sample. In our sample, we do not find an effect of stock market bust or boom on subjects’ investments. We do not find a systematic emotional reaction, nor do we find an effect of variation in the emotional state (especially fear) on investment. Our results add to the literature documenting behavioral differences between financial professionals and non-professionals and, taking a policy perspective, underline the need for careful external validity checks of single sample experiments. | ||
| 650 | 4 | |a Business cycle | |
| 650 | 4 | |a Priming | |
| 650 | 4 | |a Risk aversion | |
| 700 | 1 | |a Trautmann, Stefan T. |e VerfasserIn |0 (DE-588)136216633 |0 (DE-627)577224271 |0 (DE-576)300901135 |4 aut | |
| 773 | 0 | 8 | |i Enthalten in |t Journal of behavioral and experimental finance |d Amsterdam [u.a.] : Elsevier, 2014 |g (2018) in press, corrected proof, 8 Seiten |h Online-Ressource |w (DE-627)779401042 |w (DE-600)2758721-6 |w (DE-576)401715388 |x 2214-6369 |7 nnas |a Countercyclical risk aversion beyond financial professionals |
| 773 | 1 | 8 | |g year:2018 |g extent:8 |a Countercyclical risk aversion beyond financial professionals |
| 787 | 0 | 8 | |i Forschungsdaten |a König-Kersting, Christian, 1989 - |t Evidence for countercyclical risk aversion |d Heidelberg : Universität, 2017 |h 1 Online-Ressource (7 Files) |w (DE-627)1657263487 |w (DE-576)486149625 |
| 856 | 4 | 0 | |u http://dx.doi.org/10.1016/j.jbef.2018.03.001 |x Verlag |x Resolving-System |3 Volltext |
| 856 | 4 | 0 | |u https://www.sciencedirect.com/science/article/pii/S2214635018300522 |x Verlag |3 Volltext |
| 951 | |a AR | ||
| 992 | |a 20180320 | ||
| 993 | |a Article | ||
| 994 | |a 2018 | ||
| 998 | |g 136216633 |a Trautmann, Stefan T. |m 136216633:Trautmann, Stefan T. |d 180000 |d 181000 |e 180000PT136216633 |e 181000PT136216633 |k 0/180000/ |k 1/180000/181000/ |p 2 |y j | ||
| 998 | |g 1110801173 |a König-Kersting, Christian |m 1110801173:König-Kersting, Christian |d 180000 |d 181000 |e 180000PK1110801173 |e 181000PK1110801173 |k 0/180000/ |k 1/180000/181000/ |p 1 |x j | ||
| 999 | |a KXP-PPN1571227334 |e 3003731203 | ||
| BIB | |a Y | ||
| SER | |a journal | ||
| JSO | |a {"id":{"eki":["1571227334"],"doi":["10.1016/j.jbef.2018.03.001"]},"relHost":[{"language":["eng"],"part":{"text":"(2018) in press, corrected proof, 8 Seiten","extent":"8","year":"2018"},"physDesc":[{"extent":"Online-Ressource"}],"recId":"779401042","id":{"eki":["779401042"],"zdb":["2758721-6"],"issn":["2214-6369"]},"title":[{"title_sort":"Journal of behavioral and experimental finance","title":"Journal of behavioral and experimental finance"}],"note":["Gesehen am 22.06.2021"],"origin":[{"publisherPlace":"Amsterdam [u.a.]","dateIssuedKey":"2014","publisher":"Elsevier","dateIssuedDisp":"2014-"}],"pubHistory":["1.2014 -"],"disp":"Countercyclical risk aversion beyond financial professionalsJournal of behavioral and experimental finance","type":{"media":"Online-Ressource","bibl":"periodical"}}],"recId":"1571227334","physDesc":[{"extent":"8 S."}],"name":{"displayForm":["Christian König-Kersting, Stefan T. Trautmann"]},"type":{"bibl":"article-journal","media":"Online-Ressource"},"title":[{"subtitle":"beyond financial professionals","title_sort":"Countercyclical risk aversion","title":"Countercyclical risk aversion"}],"note":["Gesehen am 20.03.2018"],"origin":[{"dateIssuedKey":"2018","dateIssuedDisp":"10 March 2018"}],"language":["eng"],"person":[{"role":"aut","given":"Christian","family":"König-Kersting","display":"König-Kersting, Christian"},{"family":"Trautmann","display":"Trautmann, Stefan T.","role":"aut","given":"Stefan T."}]} | ||
| SRT | |a KOENIGKERSCOUNTERCYC1020 | ||