G2TT
来源类型Discussion paper
规范类型论文
来源IDDP8904
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
URLhttps://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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