Phân tích tư tưởng của nhân dân qua đoạn thơ: Những người vợ nhớ chồng… Những cuộc đời đã hóa sông núi ta trong Đất nước của Nguyễn Khoa Điềm
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We find that trusting individuals are significantly more likely to buy stocks and risky assetsand, conditional on investing in stock, they invest a larger share of their wealth in it. This effectis economically very important: trusting others increases the probability of buying stock by50% of the average sample probability and raises the share invested in stock by 3.4 percentagepoints (15.5% of the sample mean).These results are robust to controlling for differences in risk aversion and ambiguity aversion.We capture these differences by asking people their willingness to pay for a purely risky lotteryand an ambiguous lottery. We then use these responses...
Nội dung trích xuất từ tài liệu:
Understanding Stock Return Volatility Emilio Osambela
