... Education Financial literacy Risk aversion Purchase behavior Wine knowledge G53 Q14 D12 We can consider the demand for wine within the context of the consumer’s lifetime allocation process of Modigliani (Outreville and Le Fur, 2020). Within this framework, demand is a person’s desire...

... the differences in participation rates in the stock market by country. However, although risk aversion has been considered as a control variable in a few studies analyzing gender differences (Luciano et al., 2016 ; Cupák et al., 2021), there is a lack of analysis of the direct relationship...