Intergenerational transmission of financial biases

被引：0

作者：

Cebeci, Gizem Turna ^{[1
]}

机构：

[1] Fenerbahce Univ, Bilgi Econ Lab Istanbul BELIS, Istanbul, Turkiye

来源：

JOURNAL OF BEHAVIORAL AND EXPERIMENTAL ECONOMICS | 2024年 / 111卷

关键词：

Financial biases; Intergenerational transmission; Overconfidence; Illusion of control; Loss aversion; Affinity; PERFORMANCE; ENTREPRENEURSHIP; OVERCONFIDENCE; PREFERENCES; GENETICS; RISK;

D O I：

10.1016/j.socec.2024.102234

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The aim of this study is to test the intergenerational transmission of frequently observed financial biases. We elicited financial biases of first -year university students and their parents. Results indicate the intergenerational transmission of illusion of control, loss -aversion, and overconfidence from parents to children as well as transmission of affinity bias only from parents to daughters. Financial knowledge and saving habits of students have a strong influence on the transmission of financial biases. In addition, we found a moderate effect of economic preferences in the transmission process.

引用

页数：12

共 44 条

[1]

Ady S.U., 2018, Journal of Economics and Behavioral Studies, V10, P86

[2] Transmission of risk preferences from mothers to daughters [J].

Alan, Sule ;

Baydar, Nazli ;

Boneva, Teodora ;

Crossley, Thomas F. ;

Ertac, Seda .

JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION, 2017, 134 :60-77

[3]

Atkinson A., 2016, Technical report

[4]

Baker H. K., 2010, Behavioural finance: investors, corporations, and markets, V6

[5] Boys will be boys: Gender, overconfidence, and common stock investment [J].

Barber, BM ;

Odean, T .

QUARTERLY JOURNAL OF ECONOMICS, 2001, 116 (01) :261-292

[6] Trading is hazardous to your wealth: The common stock investment performance of individual investors [J].

Barber, BM ;

Odean, T .

JOURNAL OF FINANCE, 2000, 55 (02) :773-806

[7] On the Origins of Risk-Taking in Financial Markets [J].

Black, Sandra E. ;

Devereux, Paul J. ;

Lundborg, Petter ;

Majlesi, Kaveh .

JOURNAL OF FINANCE, 2017, 72 (05) :2229-2278

[8] Loss-Averse Preferences, Performance, and Career Success of Institutional Investors [J].

Bodnaruk, Andriy ;

Simonov, Andrei .

REVIEW OF FINANCIAL STUDIES, 2016, 29 (11) :3140-3176

[9] On the transmission of democratic values [J].

Branas-Garza, Pablo ;

Espinosa, Maria Paz ;

Giritligil, Ayca E. .

JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION, 2022, 200 :885-896

[10]

Cavalli-Sforza L. L., 1981, Cultural Transmission and Evolution: A Quantitative Approach

← 1 2 3 4 5 →