INDIVIDUAL INVESTOR RISK AVERSION AND INVESTMENT PORTFOLIO COMPOSITION
1975; Wiley; Volume: 30; Issue: 2 Linguagem: Inglês
10.1111/j.1540-6261.1975.tb01834.x
ISSN1540-6261
AutoresRichard A. Cohn, Wilbur G. Lewellen, Ronald C. Lease, Gary G. Schlarbaum,
Tópico(s)Corporate Finance and Governance
ResumoThe Journal of FinanceVolume 30, Issue 2 p. 605-620 The Allocation of Wealth to Risky Assets INDIVIDUAL INVESTOR RISK AVERSION AND INVESTMENT PORTFOLIO COMPOSITION Richard A. Cohn, Richard A. CohnSearch for more papers by this authorWilbur G. Lewellen, Wilbur G. LewellenSearch for more papers by this authorRonald C. Lease, Ronald C. LeaseSearch for more papers by this authorGary G. Schlarbaum, Gary G. Schlarbaum Massachusetts Institute of Technology, Purdue University, The University of Utah, and Purdue University, respectively. The authors wish to express their appreciation to the National Bureau of Economic Research, the Investment Company Institute, the Purdue Research Foundation, and to the brokerage firm referred to in the text for research support. Computations were performed at Purdue and at the University of Utah. While this study is part of an NBER project, that organization has not reviewed the results, and this paper should not be regarded as an official NBER publication.Search for more papers by this author Richard A. Cohn, Richard A. CohnSearch for more papers by this authorWilbur G. Lewellen, Wilbur G. LewellenSearch for more papers by this authorRonald C. Lease, Ronald C. LeaseSearch for more papers by this authorGary G. Schlarbaum, Gary G. Schlarbaum Massachusetts Institute of Technology, Purdue University, The University of Utah, and Purdue University, respectively. The authors wish to express their appreciation to the National Bureau of Economic Research, the Investment Company Institute, the Purdue Research Foundation, and to the brokerage firm referred to in the text for research support. Computations were performed at Purdue and at the University of Utah. While this study is part of an NBER project, that organization has not reviewed the results, and this paper should not be regarded as an official NBER publication.Search for more papers by this author First published: May 1975 https://doi.org/10.1111/j.1540-6261.1975.tb01834.xCitations: 234 Read the full textAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onEmailFacebookTwitterLinkedInRedditWechat REFERENCES 1 K. J. Arrow Aspects of the Theory of Risk Bearing (Helsinki: Yrjo Jahnsson Foundation, 1965). Google Scholar 2 R. Barlow, H. E. Brazer, and J. N. 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