Matches in SemOpenAlex for { <https://semopenalex.org/work/W3177199051> ?p ?o ?g. }
- W3177199051 endingPage "953" @default.
- W3177199051 startingPage "928" @default.
- W3177199051 abstract "We examine how adverse local experiences that are uninformative of future returns affect households’ investment behavior in the short term. Using data from a German online brokerage and a survey, we show that retail investors sharply reduce risk taking in response to nearby firm bankruptcies. Adjustments in risk taking occur through immediate and transitory increases in trading, and work through more pessimistic expectations about aggregate stock returns and increased risk aversion. Changes in background risks or wealth effects cannot explain our findings. Extrapolation from local experiences to aggregate expectations is inconsistent with optimal use of full or limited information." @default.
- W3177199051 created "2021-07-05" @default.
- W3177199051 creator A5058704696 @default.
- W3177199051 creator A5063288880 @default.
- W3177199051 creator A5063735471 @default.
- W3177199051 creator A5066420907 @default.
- W3177199051 date "2021-11-01" @default.
- W3177199051 modified "2023-10-12" @default.
- W3177199051 title "The trading response of individual investors to local bankruptcies" @default.
- W3177199051 cites W1579091683 @default.
- W3177199051 cites W1588478279 @default.
- W3177199051 cites W1984697146 @default.
- W3177199051 cites W2013660131 @default.
- W3177199051 cites W2027063727 @default.
- W3177199051 cites W2044267123 @default.
- W3177199051 cites W2050791675 @default.
- W3177199051 cites W2086479295 @default.
- W3177199051 cites W2099227715 @default.
- W3177199051 cites W2101615020 @default.
- W3177199051 cites W2101679768 @default.
- W3177199051 cites W2106539152 @default.
- W3177199051 cites W2113443463 @default.
- W3177199051 cites W2114859981 @default.
- W3177199051 cites W2120492617 @default.
- W3177199051 cites W2129135415 @default.
- W3177199051 cites W2132726456 @default.
- W3177199051 cites W2140619986 @default.
- W3177199051 cites W2145713680 @default.
- W3177199051 cites W2151653845 @default.
- W3177199051 cites W2156667558 @default.
- W3177199051 cites W2157323155 @default.
- W3177199051 cites W2240968826 @default.
- W3177199051 cites W2246734814 @default.
- W3177199051 cites W2272326785 @default.
- W3177199051 cites W2320014267 @default.
- W3177199051 cites W2570923931 @default.
- W3177199051 cites W2603172731 @default.
- W3177199051 cites W2753024918 @default.
- W3177199051 cites W2770141924 @default.
- W3177199051 cites W2891745453 @default.
- W3177199051 cites W2907141157 @default.
- W3177199051 cites W2943164919 @default.
- W3177199051 cites W2950222422 @default.
- W3177199051 cites W3023537665 @default.
- W3177199051 cites W3121406782 @default.
- W3177199051 cites W3121510583 @default.
- W3177199051 cites W3121670284 @default.
- W3177199051 cites W3121892537 @default.
- W3177199051 cites W3122019041 @default.
- W3177199051 cites W3122186295 @default.
- W3177199051 cites W3122843332 @default.
- W3177199051 cites W3122944925 @default.
- W3177199051 cites W3123093168 @default.
- W3177199051 cites W3123344732 @default.
- W3177199051 cites W3123660086 @default.
- W3177199051 cites W3123792552 @default.
- W3177199051 cites W3124659732 @default.
- W3177199051 cites W3124859767 @default.
- W3177199051 cites W3125178416 @default.
- W3177199051 cites W3125196503 @default.
- W3177199051 cites W3125250242 @default.
- W3177199051 cites W3125462695 @default.
- W3177199051 cites W3125593567 @default.
- W3177199051 cites W3125780646 @default.
- W3177199051 cites W3125917831 @default.
- W3177199051 cites W3125925480 @default.
- W3177199051 cites W3126080930 @default.
- W3177199051 cites W3142261399 @default.
- W3177199051 cites W3149283499 @default.
- W3177199051 cites W4211239526 @default.
- W3177199051 cites W4238154248 @default.
- W3177199051 cites W4361866454 @default.
- W3177199051 cites W74101598 @default.
- W3177199051 doi "https://doi.org/10.1016/j.jfineco.2021.06.033" @default.
- W3177199051 hasPublicationYear "2021" @default.
- W3177199051 type Work @default.
- W3177199051 sameAs 3177199051 @default.
- W3177199051 citedByCount "11" @default.
- W3177199051 countsByYear W31771990512018 @default.
- W3177199051 countsByYear W31771990512020 @default.
- W3177199051 countsByYear W31771990512021 @default.
- W3177199051 countsByYear W31771990512022 @default.
- W3177199051 crossrefType "journal-article" @default.
- W3177199051 hasAuthorship W3177199051A5058704696 @default.
- W3177199051 hasAuthorship W3177199051A5063288880 @default.
- W3177199051 hasAuthorship W3177199051A5063735471 @default.
- W3177199051 hasAuthorship W3177199051A5066420907 @default.
- W3177199051 hasBestOaLocation W31771990512 @default.
- W3177199051 hasConcept C106159729 @default.
- W3177199051 hasConcept C111472728 @default.
- W3177199051 hasConcept C127413603 @default.
- W3177199051 hasConcept C129915516 @default.
- W3177199051 hasConcept C138885662 @default.
- W3177199051 hasConcept C144133560 @default.
- W3177199051 hasConcept C151730666 @default.
- W3177199051 hasConcept C162324750 @default.
- W3177199051 hasConcept C17744445 @default.
- W3177199051 hasConcept C199539241 @default.