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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP8904 |
DP8904 Aspirations, Well-being, Risk-Aversion and Loss-Aversion | |
Kees Koedijk; Meir Statman | |
发表日期 | 2012-03-01 |
出版年 | 2012 |
语种 | 英语 |
摘要 | Financial well-being is distinct from income. Some people with high incomes suffer low financial well-being, as their incomes fall short of their aspirations. Such people feel propelled to reach their aspirations by taking risk and willing to bear losses. Conversely, some people with low incomes enjoy high financial well-being, as their incomes exceed their aspirations. We find that people whose aspirations exceed their income are less risk-averse and less loss-averse than people whose incomes exceed their aspirations. We also find that competitive and status-seeking people are less risk-averse than people who are less competitive and status-seeking, and that status-seeking people are less loss-averse than people who are not as status-seeking. |
主题 | Financial Economics |
关键词 | Subjective well-being Risk-taking Loss-aversion Prospect theory Behavioural portfolio theory |
URL | https://cepr.org/publications/dp8904 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/537734 |
推荐引用方式 GB/T 7714 | Kees Koedijk,Meir Statman. DP8904 Aspirations, Well-being, Risk-Aversion and Loss-Aversion. 2012. |
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