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Genetic Determinants of Financial Risk Taking

Camelia Kuhnen and Joan Y. Chiao

MPRA Paper from University Library of Munich, Germany

Abstract: Individuals vary in their willingness to take financial risks. Here we show that variants of two genes that regulate dopamine and serotonin neurotransmission and have been previously linked to emotional behavior, anxiety and addiction (5-HTTLPR and DRD4) are significant determinants of risk taking in investment decisions. These findings provide novel evidence of a genetic basis for financial choices.

Keywords: genes; risk preferences; financial decisions; neuroeconomics; dopamine; serotonin; emotion; addiction (search for similar items in EconPapers)
JEL-codes: C91 D81 D87 G11 (search for similar items in EconPapers)
Date: 2008-09
New Economics Papers: this item is included in nep-exp and nep-neu
References: View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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https://mpra.ub.uni-muenchen.de/10895/1/MPRA_paper_10895.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/13429/2/MPRA_paper_13429.pdf revised version (application/pdf)

Related works:
Journal Article: Genetic Determinants of Financial Risk Taking (2009) Downloads
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