The DOI matches its Crossref record; 70 of the 70 references it cites were found in a registry or an index.
Genetic Variation in Financial Decision‐Making
Open accessAbstract
Individuals differ in how they construct their investment portfolios, yet empirical models of portfolio risk typically account only for a small portion of the cross‐sectional variance. This paper asks whether genetic variation can explain some of these individual differences. Following a major pension reform Swedish adults had to form a portfolio from a large menu of funds. We match data on these investment decisions with the Swedish Twin Registry and find that approximately 25% of individual variation in portfolio risk is due to genetic variation. We also find that these results extend to several other aspects of financial decision‐making.
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Cites
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What Do Laboratory Experiments Measuring Social Preferences Reveal About the Real World?
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Who Gambles in the Stock Market?
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Guiso, L., & Sodini, P. (2013) · Handbook of the Economics of Finance · doi:10.1016/b978-0-44-459406-8.00021-4 · Cited by 437
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Grinblatt, M., Keloharju, M., & Linnainmaa, J. T. (2012) · Journal of Financial Economics · doi:10.1016/j.jfineco.2011.05.016 · Cited by 428
Gomes, F., Haliassos, M., & Ramadorai, T. (2021) · Journal of Economic Literature · doi:10.1257/jel.20201461 · Cited by 396
Nature or nurture: What determines investor behavior?☆
Barnea, A., Cronqvist, H., & Siegel, S. (2010) · Journal of Financial Economics · doi:10.1016/j.jfineco.2010.08.001 · Cited by 303
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Grohmann, A., Kouwenberg, R., & Menkhoff, L. (2015) · Journal of Economic Psychology · doi:10.1016/j.joep.2015.09.002 · Cited by 289
Metadata
- Authors
- CESARINI, D., JOHANNESSON, M., LICHTENSTEIN, P., SANDEWALL, Ö., & WALLACE, B.
- Venue
- The Journal of Finance
- Publisher
- Wiley
- Published
- 2010-09-21
- Volume
- 65
- Issue
- 5
- Pages
- 1725-1754
- ISSN
- 0022-1082 (ISSN-L)
- 1540-6261
- OpenAlex
- W2130005383
- Cited by
- 285
- References
- 70
- FWCI
- 15.18
- Type
- journal article
- Language
- en
- Open access
- green
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
