Risk Aversion and Clientele Effects
收藏NBER2009-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w15333
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资源简介：
We use traded options on growth and value indices to test for clientele differences in risk preferences. Value investors appear to have exhibited a higher average level of risk aversion than growth investors for two different time periods in the late 1990's and early 2000's. We construct a model of
提供机构：
美国国家经济研究局
创建时间：
2009-09-01
