Risk Aversion and Wealth: Evidence from Person-to-Person Lending Portfolios
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We estimate risk aversion from the actual financial decisions of 2,168 investors in Lending Club (LC), a person-to-person lending platform. We develop a methodology that allows us to estimate risk aversion parameters from each portfolio choice. Since the same individual makes repeated investments,
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美国国家经济研究局创建时间：
2010-06-01
