This paper analyses the relationship between dispositional optimism and stock investments. Data are drawn from the second wave of the Survey of Health, Ageing and Retirement in Europe. Dispositional optimism is found to be a relevant predictor of the ownership of stocks as well as of the share of gross financial wealth invested in this asset. The role of dispositional optimism is found to be stronger for risk tolerant agents and its relationship with the share of wealth invested in stocks varies with agents’ trust.

Dispositional optimism and stock investments

CAVAPOZZI, Danilo
2015-01-01

Abstract

This paper analyses the relationship between dispositional optimism and stock investments. Data are drawn from the second wave of the Survey of Health, Ageing and Retirement in Europe. Dispositional optimism is found to be a relevant predictor of the ownership of stocks as well as of the share of gross financial wealth invested in this asset. The role of dispositional optimism is found to be stronger for risk tolerant agents and its relationship with the share of wealth invested in stocks varies with agents’ trust.
2015
Working Paper Series - Department of Economics of the Ca’ Foscari University of Venice
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10278/3664664
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