Financial Innovation and Household Finance

Written on 03 November 2017.


On November 3, at the NBER Behavioral Finance Meeting in Cambridge (MA), EDHEC PhD in Finance core faculty member Professor Laurent Calvet will present with his co-authors Claire Celerier, Paolo Sodini, and Boris Vallee, a recent paper entitled “Can Financial Innovation Solve Household Reluctance to Take Risk?”

In this paper, the authors observe that, a simple portfolio choice model shows that household loss aversion best explains the demand for structured products and the empirical facts. Their results illustrate how financial innovation can mitigate investor behavioral biases.

Access the paper:  http://conference.nber.org/confer//2017/BFf17/Calvet_Celerier_Sodini_Val...

Founded in 1920, the National Bureau of Economic Research (NBER) is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, and business professionals.

See Also

5 tips to kick-off your MBA successfully as an international student
News
- 18-09-2018
Whether your ambition is to boost your career, learn the latest in leadership, expand...
NEW METHODS FOR THE CROSS SECTION OF RETURN CONFERENCE
News
- 12-09-2018
EDHEC, the Fama-Miller Center at Chicago Booth, and the Review of Financial Studies...
Riccardo Rebonato speaking on smart beta fixed income at 14th Quantitative Finance Conference
News
- 10-09-2018
Riccardo Rebonato, Professor of Finance, EDHEC Business School and Member, EDHEC-Risk...
The EDHEC Master in Management further cements its place among the world top 20 in the Financial Times 2018 ranking
News
- 10-09-2018
The Financial Times published its 2018 ranking of the world’s top Masters in Management...