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

Diversity & Career  The forthcoming study by EDHEC Open Leadership Centre for Diversity & Inclusion
News
- 05-10-2020
Since we can all be affected by discrimination at some point in our lives, this study...
 Focus on the EDHEC DataViz Challenge 2020, the first edition of an exciting competition
News
- 03-07-2020
EDHEC Business School launched the first edition of the EDHEC DataViz Challenge this...
EDHEC launches an Executive MBA with specialisation in Healthcare Innovation & Technology (HIT) in partnership with UTC
News
- 02-07-2020
EDHEC Business School is pleased to announce the launch of a new Executive MBA with...
EDHEC’s Executive MBA rated among the best in the world in the QS 2020 ranking
News
- 30-06-2020
EDHEC’s Executive MBA was ranked 45th worldwide out of 161 programmes (up 6 places...