Socioeconomic status and learning from financial information
نویسندگان
چکیده
منابع مشابه
Socioeconomic Status and Learning from Financial Information
We investigate the role of socioeconomic status (SES) on people’s ability to learn from information in financial markets. In an experimental setting we find that low SES participants, relative to medium or high SES ones, form more pessimistic beliefs about the distribution of outcomes of financial investments when, objectively, these investments are likely to be good. This pessimism bias regard...
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ژورنال
عنوان ژورنال: Journal of Financial Economics
سال: 2017
ISSN: 0304-405X
DOI: 10.1016/j.jfineco.2017.03.002