...Wing Keung Wong; Chenghu Ma; Zhuo Qiao; Udo Broll; João Paulo Vieito Purpose This paper introduces a novel stochastic dominance (SD) theory tailored for investors with combined risk-averse and risk-seeking utilities. It aims to address the Friedman–Savage paradox, which questions why individuals...

...Ali Zeytoon-Nejad Purpose This paper explores gender differences in two distinct forms of risk aversion—Payoff Risk Aversion (PaRA) and Price Risk Aversion (PrRA)—in order to provide a more nuanced understanding of how men and women respond to different types of economic uncertainty. Design...

...Rachel Borges Cyrino De Sá; Mathias Schneid Tessmann; Alex Cerqueira Pinto Purpose This paper seeks to investigate whether women exhibit greater risk-aversion behavior than men in investments by estimating the influence of gender on portfolio volatility. Design/methodology/approach Data...

... (Ghana Living Standards Survey Round 7). Risk aversion is measured following the approach of Holt and Laury (2002) in the use of hypothetical questions about investment. Probit regressions are used to estimate the effect of risk aversion on insurance outcomes. Findings The paper finds evidence...

.... COVID-19 Financial risk tolerance Risk aversion What has come to be known as the COVID-19 pandemic is thought to have started in Wuhan, Hubei Province, China, in late 2019 (CDC, 2020a). The COVID-19 virus is a new coronavirus strain. While coronavirus is relatively common across animal species...

...Athanasios Fassas; Stephanos Papadamou; Dionisis Philippas Purpose The purpose of this paper is to examine the spillover effects in international financial markets related to investors’ risk aversion as proxied by the variance premium, and how these relationships were affected by the quantitative...

... risk seeking or risk aversion behavior in reaction to prior gains and losses. Design/methodology/approach The first research question is to examine the impact of prior period’s return and αs on existing portfolio allocation in equity, debt, real estate and other assets. In order to test...

... adults’ risk attitude is provided. Design/methodology/approach The paper relies on an experimental setting and a cross-sectional field study using data of the German central bank’s (Deutsche Bundesbank) PHF-Survey. Findings Young adults’ objective risk aversion is not constant but increases...

...Marie-Hélène Gagnon; Gabriel J. Power Purpose – The purpose of this paper is to investigate and test for changes in investor risk aversion and the stochastic discount factor (SDF) using options data on the West Texas Intermediate crude oil futures contract during the 2007-2011 period. Design...

...Vicki L. Bogan; David R. Just; Chekitan S. Dev Purpose – The purpose of this paper is to investigate whether the gender composition of a fund management team influences investment decision-making behavior. Specifically, we focus on how portfolio choice is affected by team risk aversion and loss...

... version of the TV game show, Deal or No Deal, to explore whether risk aversion varies with a change in reference point in a context where stakes are real and high.We achieve this by exploiting a special and unique Australian feature of the Deal or No Deal lottery‐choice setting, namely, the existence...