Journal
REVIEW OF FINANCIAL STUDIES
Volume 26, Issue 7, Pages 1824-1852Publisher
OXFORD UNIV PRESS INC
DOI: 10.1093/rfs/hht004
Keywords
-
Categories
Ask authors/readers for more resources
Although weather has been shown to affect financial markets and financial decision making, a still open question is the channel through which such influence is exerted. By employing a multiple price list method, this paper provides direct experimental evidence that sunshine and good weather promote risk-taking behavior. This effect is present whether relying on objective measures of meteorological conditions or subjective weather assessments. Finally, employing a psychological test, we find evidence that weather may affect individual risk tolerance through its effect on mood.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available