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Part 1: Document Description
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Citation |
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Title: |
Countercyclical Risk Aversion: Beyond Financial Professionals [Online Appendix and Replication Package] |
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Identification Number: |
doi:10.11588/data/HLGUFF |
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Distributor: |
heiDATA |
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Date of Distribution: |
2017-03-31 |
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Version: |
3 |
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Bibliographic Citation: |
König-Kersting, Christian; Trautmann, Stefan T., 2017, "Countercyclical Risk Aversion: Beyond Financial Professionals [Online Appendix and Replication Package]", https://doi.org/10.11588/data/HLGUFF, heiDATA, V3, UNF:6:uf5BEfv2apPfRJhp2qW+Kw== [fileUNF] |
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Citation |
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Title: |
Countercyclical Risk Aversion: Beyond Financial Professionals [Online Appendix and Replication Package] |
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Identification Number: |
doi:10.11588/data/HLGUFF |
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Authoring Entity: |
König-Kersting, Christian (Alfred-Weber-Institute of Economics) |
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Trautmann, Stefan T. (Alfred-Weber-Institute of Economics) |
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Producer: |
König-Kersting, Christian |
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Date of Production: |
2016 |
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Software used in Production: |
SoSciSurvey.de (SoSci Survey GmbH, 80807 München) |
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Distributor: |
heiDATA |
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Distributor: |
heiDATA: Heidelberg Research Data Repository |
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Access Authority: |
König-Kersting, Christian |
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Depositor: |
Maylein, Leonhard |
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Date of Deposit: |
2017-03-30 |
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Holdings Information: |
https://doi.org/10.11588/data/HLGUFF |
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Study Scope |
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Keywords: |
Social Sciences, risk aversion, business cycle, priming |
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Topic Classification: |
E32, E44, G01, G11, G12 |
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Abstract: |
We test if Cohn et al.’s (2015) experimental results on countercyclical risk aversion exhibited by financial professionals generalize to a standard student sample. In our sample, we do not find an effect of stock market bust or boom on subjects’ investments. We do not find a systematic emotional reaction, nor do we find an effect of variation in the emotional state (especially fear) on investment. Our results add to the literature documenting behavioral differences between financial professionals and non-professionals and, taking a policy perspective, underline the need for careful external validity checks of single sample experiments. |
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Methodology and Processing |
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Sources Statement |
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Data Access |
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Citation Requirement: |
I would like to make the data and other replication files freely available. People using the data should cite the data or the related publication. |
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Other Study Description Materials |
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Related Publications |
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Citation |
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Title: |
Christian König-Kersting, Stefan T. Trautmann: Countercyclical risk aversion: Beyond financial professionals. Journal of Behavioral and Experimental Finance |
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Identification Number: |
10.1016/j.jbef.2018.03.001 |
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Bibliographic Citation: |
Christian König-Kersting, Stefan T. Trautmann: Countercyclical risk aversion: Beyond financial professionals. Journal of Behavioral and Experimental Finance |
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Other Reference Note(s) |
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Cohn et al. 2015: Cohn, Alain, Jan Engelmann, Ernst Fehr, and Michel André Maréchal. 2015. "Evidence for Countercyclical Risk Aversion: An Experiment with Financial Professionals." American Economic Review, 105(2): 860-85. DOI: 10.1257/aer.20131314 |
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File Description--f1556 |
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File: fields_of_study_breakdown.tab |
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Notes: |
UNF:6:uf5BEfv2apPfRJhp2qW+Kw== |
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List of Variables: |
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Variables |
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f1556 Location: |
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f1556 Location: |
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