Christian Ehm|Christine Kaufmann|Martin Weber
Volatility Inadaptability: Investors Care About Risk, but Cannot Cope with Volatility*
University of Mannheim|University of Mannheim|University of Mannheim
article investigates two research questions investors see relationship risk attitude amount invested risky assets investors adjust investments provided assets different volatilities experimental study investors allocate amount risky riskfree asset investors risk attitude predicts risk taking investors however unable adapt risky assets different volatilities choose almost allocation risky asset independently volatility thus amassing significantly different portfolios