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- W1572084630 abstract "Weather variables, and sunshine in particular, are found to be strongly correlated with financial variables. I consider self-reported happiness as a channel through which sunshine affects financial variables. I examine the influence of happiness on risk-taking behavior by instrumenting individual happiness with regional sunshine, and I find that happy people appear to be more risk-averse in financial decisions, and accordingly choose safer investments. Happy people take more time for making decisions and have more self-control. Happy people also expect to live longer and accordingly seem more concerned about the future than the present, and expect less inflation. (This abstract was borrowed from another version of this item.)" @default.
- W1572084630 created "2016-06-24" @default.
- W1572084630 creator A5030361704 @default.
- W1572084630 date "2009-01-01" @default.
- W1572084630 modified "2023-09-24" @default.
- W1572084630 title "Weather and Financial Risk-Taking: Is Happiness the Channel?" @default.
- W1572084630 hasPublicationYear "2009" @default.
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