Keywords
Subjective risk preference, Objective risk preference, Logit model, Assets choice
Abstract
With the rapid development of capital market,the research on the impact of risk performance in selecting the family sasets has important significance for promoting the rational allocation of assets and realize social welfare effect.CHFS2017 data is used to study the effect of subjective and objective risk preference choice of family assets. The empirical results show that the subjective and objective risk appetite for risky assets has a significant impact, effects on the subjective and objective risk appetite in the risky assets choice appeared different.There are differences in subjective and objective risk preferences in regional family asset selection.Compared with other regions, households in western China have weaker risk preferences for risky assets and are more inclined to choose real estate.In addition,the use of the Internet has a significant impact on the choice of household assets.
DOI
10.16315/j.stm.2021.06.007
Recommended Citation
YU, Yan, and XU, Xin
(2021)
"Subjective and objective risk preference and family asset selection,"
Journal of Science and Technology Management: Vol. 23:
Iss.
6, Article 10.
DOI: 10.16315/j.stm.2021.06.007
Available at:
https://jstm.researchcommons.org/journal/vol23/iss6/10
