References
- Bajtelsmit, V. L., & Bernasek, A. (1996). “Why do women invest differently than men?” Journal of Financial Counseling and Planning, 7(1), 1-10.
- Burks, S. V., Carpenter, J. P., Goette, L., & Rustichini, A. (2009). “Cognitive skills affect financial decisions.” Proceedings of the National Academy of Sciences, 106(19), 7745-7750. doi:10.1073/pnas.0812362106
- Clark, R. L., Lusardi, A., & Mitchell, O. S. (2021). Financial fragility during the COVID-19 pandemic. AEA Papers and Proceedings, 111, 292-296. https://doi.org/10.1257/pandp.20211000
- De Martino, B., Camerer, C. F., & Adolphs, R. (2010). Amygdala damage eliminates monetary loss aversion. Proceedings of the National Academy of Sciences of the United States of America, 107(8), 3788-3792. https://doi.org/10.1073/pnas.0910232107
- Eckel, C. C., & Grossman, P. J. (2002). “Sex differences and statistical stereotyping in attitudes toward financial risk.” Evolution and Human Behavior, 23(4), 281-295. doi:10.1016/S1090-5138(02)00012-8
- Fehr-Duda, H., De Gennaro, M., & Schubert, R. (2006). “Gender, financial risk, and probability weights.” Theory and Decision, 60(4), 283-313. doi:10.1007/s11238-006-9020-3
- Guiso, L., Sapienza, P., & Zingales, L. (2018). Time varying risk aversion. Journal of Financial Economics, 128(3), 403-421. https://doi.org/10.1016/j.jfineco.2018.02.007
- Graham, J. R., Harvey, C. R., & Puri, M. (2013). Managerial attitudes and corporate actions. Journal of Financial Economics, 109(1), 103-121.
- Jianakoplos, N. A., & Bernasek, A. (1998). “Are women more risk averse?” Economic Inquiry, 36(4), 620-630. doi:10.1111/j.1465-7295.1998.tb00035.x
- Jizi, M., Salama, A., Dixon, R., & Stratling, R. (2014). Corporate governance and corporate social responsibility disclosure: Evidence from the US banking sector. Journal of Business Ethics, 125(4), 601-615.
- Kahneman, D., & Tversky, A. (1979). Prospect theory: An analysis of decision under risk. Econometrica, 47(2), 263-291. https://doi.org/10.2307/1914185
- Kuhnen, C. M., & Knutson, B. (2005). “The influence of affect on decisions: Neural correlates of financial risk-taking.” Neuron, 47(5), 763-770. doi:10.1016/j.neuron.2005.08.008
- Pålsson, H. (1996). Household characteristics and risk aversion. Economics Letters, 51(1), 51-57. https://doi.org/10.1016/0165-1765(96)00749-6
- Rabin, M., & Thaler, R. H. (2001). Anomalies: Risk aversion. Journal of Economic Perspectives, 15(1), 219-232. https://doi.org/10.1257/jep.15.1.219
- Sapienza, P., Zingales, L., & Maestripieri, D. (2009). Gender differences in financial risk aversion and career choices are affected by testosterone. Proceedings of the National Academy of Sciences of the United States of America, 106(36), 15268-15273. https://doi.org/10.1073/pnas.0907352106
- Tallarini, T. (2000). Risk sensitivity and the business cycle. Review of Economic Dynamics, 3(3), 517-528. https://doi.org/10.1006/redy.2000.0100
- Uhlig, H. (2010). A model of a systemic bank run. Journal of Monetary Economics, 57(1), 78-96. https://doi.org/10.1016/j.jmoneco.2009.10.006
- Vlastakis, N., & Markellos, R. K. (2012). Information demand and stock market volatility. Journal of Empirical Finance, 19(2), 312-332. https://doi.org/10.1016/j.jempfin.2012.02.002
- Zeldes, S. P. (1989). Optimal Consumption with Stochastic Income: Deviations from Certainty Equivalence. The Quarterly Journal of Economics, 104(2), 275-298. https://doi.org/10.2307/2937848
DOI: https://doi.org/10.2478/picbe-2026-0241 | Journal eISSN: 2558-9652
Language: English
Page range: 3191 - 3218
Published on: Jul 22, 2026
Published by: Bucharest University of Economic Studies
In partnership with: Paradigm Publishing Services
Publication frequency: 1 issue per year
Keywords:
Related subjects:
© 2026 Razvan UIFALEAN, published by Bucharest University of Economic Studies
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.