Federal ID: 91-6001537
ISSN: 0022-1090 (Print) | 1756-6916 (Online)
Cultural Origins of Risk Taking in Financial Markets
Andreas Ek, Gunes Gokmen, and Kaveh Majlesi ♦ This paper studies how cultural heritage influences the differences in risk taking in financial markets. We combine data on the asset allocation of second-generation immigrants in Sweden with risk taking culture in…