Dispositional optimism and stock investments

Viola Angelini and Danilo Cavapozzi ()

No 2015:25, Working Papers from Department of Economics, University of Venice "Ca' Foscari"

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.

Keywords: Dispositional Optimism; Household finance; Saving behaviour (search for similar items in EconPapers)
JEL-codes: D14 G02 G11 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2015
New Economics Papers: this item is included in nep-cfn
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Related works:
Journal Article: Dispositional optimism and stock investments (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:ven:wpaper:2015:25

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