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Browsing Working Papers by Author "JAPPELLI, Tullio"
Now showing items 1-4 of 4
Title:The Role of Intuition and Reasoning in Driving Aversion to Risk and Ambiguity
Author(s):BUTLER, Jeffrey V.; GUISO, Luigi; JAPPELLI, TullioDate:2011-01-01Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Using information on a large sample of retail investors and experimental data we find that risk aversion and risk ambiguity are correlated: individuals who dislike risk also dislike ambiguity. We show that what links these ...
Title:Pension Risk, Retirement Saving and Insurance
Author(s):GUISO, Luigi; JAPPELLI, Tullio; PADULA, MarioDate:2009Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Using a representative sample of Italian investors, we estimate the risk associated with
pension benefits by eliciting for each individual the subjective distribution of the
replacement rate as a summary indicator of ...
Title:Financial Literacy and Portfolio Diversification
Author(s):GUISO, Luigi; JAPPELLI, TullioDate:2008Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:In this paper we focus on poor financial literacy as one potential factor explaining lack of portfolio diversification. We use the 2007 Unicredit Customers’ Survey, which has indicators of portfolio choice, financial ...