... of Macau (MYRG2022-00156-FBA); and the National Natural Science Foundation of China (NSFC, Grant No. 72033003). D81 G11 Stochastic dominance Risk aversion Risk-seeking Utility function Riskier asset Less risky asset Bernoulli (1738) and many others assume subjects are risk-averse...

... of the CC BY 4.0 licence Risk aversion Price risk aversion Risk premium Multiple choice list Gender differences C90 C91 D1 D81 D9 G4 G22 J1 J16 Scholars have identified gender differences in a number of various domains, such as investment decisions, insurance preferences...

..., cultural and institutional determinants. Behavioral finance Ambiguity Asset prices High-frequency data D81 G12 G15 G40 In real life, due to factors such as lack of reliable data, noise or myriad of unforeseen factors, decisions often have to be made under circumstances which do...

... © Emerald Publishing Limited 2022 Emerald Publishing Limited Licensed re-use rights only XTF Downside-risk Lower partial moments Empirical household finance Portfolio enhancements D14 D81 D91 G11 G41 We contribute to the literature in three ways. First...

...) this signals an inflow of investors into this fund category. Financial crisis COVID-19 pandemic Retirement investors Trading behavior Risk-taking behavior D14 D81 G01 G11 G28 In the first quarter of 2020, the COVID-19 pandemic's rapid spread sent a shock to stock markets worldwide...

... in probability and in outcomes. It also analyzes whether decisions under ambiguity vary when individuals make decisions alone and when they make it in groups. Risk Outcome ambiguity Probability ambiguity Group decision-making Boundary effects Experiment C92 D81 D91 G40 Divya Aggarwal...

... asset markets Mood induction Emotions C92 D12 D81 G02 G11 Decision-making in asset markets has been shown to be affected by mood. Saunders (1993) uses weather on Wall Street as a proxy for mood, showing that security markets are systematically affected by local weather...

..., and by Bodnaruk and Simonov (2015) , who study sophistication by focusing on financial experts. Expectations Risk D14 D81 D83 D84 G02 Although sophistication is important when understanding individuals’ financial decisions, less is known about the underlying mechanisms (e.g. expectations...

... perspectives. Originality/value This is, to the best of the authors’ knowledge, the first paper that evaluates different survey measures of individual investors’ expectations of risk and return. Oscar Stålnacke can be contacted at: oscar.stalnacke@umu.se D81 D84 G02 Individuals...