Heterogeneity in Expectations, Risk Tolerance, and Household Stock Shares: The Attenuation Puzzle
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This paper jointly estimates the relationship between stock share and expectations and risk preferences. The survey allows individual-level, quantitative estimates of risk tolerance and of the perceived mean and variance of stock returns. These estimates have economically and statistically
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美国国家经济研究局创建时间：
2018-11-01
