Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 12, 2021 erstellt
Description:
We find that financial decision-making power per se is significant in explaining individuals’ objective risk-taking behavior and subjective risk attitude. More importantly, we show that this decision power attenuates the correlation between subjective risk attitude and objective risk taking. These results are significant in understanding the important role of decision-making power in individual risk-taking behavior