Leverage and Beliefs: Personal Experience and Risk Taking in Margin Lending
收藏NBER2014-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w19957
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资源简介：
What determines risk-bearing capacity and the amount of leverage in financial markets? Using unique archival data on collateralized lending, we show that personal experience can affect individual risk-taking and aggregate leverage. When an investor syndicate speculating in Amsterdam in 1772 went
提供机构：
美国国家经济研究局
创建时间：
2014-03-01
