An examination of survey responses about Individual Retirement Account (IRA) holdings reveals that individuals often take all-or-nothing approaches in their decisions to diversify across the asset categories of cash, bonds, and equity. Two thirds of survey respondents put their entire IRA holdings into a single asset category. A surprisingly large proportion of funds is held in cash, while only...

The academic performance of 419 undergraduate students in an individual financial management class was evaluated in light of their learning style, demographic background, academic history and time allocation. Academic history and time use variables proved to be the only significant predictors of grades in the course. Student learning style, as measured by Kolb’s Learning Style Inventory, was no...

African-American consumers differ markedly from their Caucasian counterparts in terms of financial product preferences, product research, and investment asset portfolio composition. This study examines some of the principal differences between African-American and Caucasian households in evaluating and purchasing investment assets and explores differences in asset holdings between the two racia...

Recent studies have uncovered several systematic patterns that increase the probability that individual investors can select stock portfolios with excess returns. This study tests the feasibility of using a commercially available computerized stock screening program for investors to take advantage of these patterns. The screening program searches the three major exchanges and selects stocks on ...

This paper examines responses from a survey of 2,000 randomly selected mutual fund investors who purchased shares from six different distribution channels. The survey provides data on the demographic, financial, and fund ownership characteristics of mutual fund investors. It also provides data on investors’ knowledge of the costs and investment risks of mutual funds and the information sources ...

Yasuaki Kobayashi, ∗ Yusuke Yasugahira, Hiroyuki Kitahata, Mika Watanabe, Ken Natsuga, and Masaharu Nagayama † Center for Simulation Sciences, Ochanomizu University, Tokyo 112-8620, Japan Graduate School of Science, Hokkaido University, Sapporo 060-0810, Japan Department of Physics, Chiba University, Chiba 263-8502, Japan Department of Dermatology, Graduate School of Medicine, Hokkaido Universi...

1 Sustainability Governance Project, Creative Research Initiative, Hokkaido University, N9W8, Kita-ku, Sapporo, Hokkaido 060-0809, Japan 2 Graduate School of Environmental Earth Science, Hokkaido University, N10W5, Kita-ku, Sapporo, Hokkaido 060-0810, Japan 3 Frontier Research System for Global Change, 3173-25 Showa-machi, Kanazawa-ku, Yokohama, Kanagawa 236-0001, Japan Received: 13 November 20...

Nobuyuki IWAMOTO1,∗, Toshitaka KAJINO, Grant J. MATHEWS, Masayuki Y. FUJIMOTO and Wako AOKI National Astronomical Observatory, 2-21-1 Osawa, Mitaka, Tokyo 181-8588, Japan The Graduate University for Advanced Studies, 2-21-1 Osawa, Mitaka, Tokyo 181-8588, Japan Center for Astrophysics, Department of Physics, University of Notre Dame, Notre Dame, IN 46556, USA Department of Physics, Hokkaido Univ...

1 National Institute for Environmental Studies, 16-2, Onogawa, Tsukuba, Ibaraki 305-8506, Japan 2 JSPS Research Fellow, Japan 3 Hokkaido University, Kita 10 Nishi 8, Kita-ku, Sapporo, Hokkaido 060-0810, Japan 4 Frontier Research Center for Global Change, Japan Agency for Marine-Earth Science and Technology, 3173-25, Showa-machi, Yokohama, Kanagawa 236-0001, Japan 5 LAPC/NZC, Institute of Atmosp...