• Corpus ID: 14071607

Genetic Variation in Financial Decision Making Forthcoming

@inproceedings{Cesarini2009GeneticVI,
  title={Genetic Variation in Financial Decision Making Forthcoming},
  author={David Cesarini and Magnus Johannesson and Paul Lichtenstein and {\"O}rjan Sandewall and Bj{\"o}rn Wallace},
  year={2009}
}
Individuals di¤er in how they compose their investment portfolios, yet empirical models of portfolio risk typically only account for a small portion of the cross-sectional variance. This paper asks if genetic variation can explain some of these individual di¤erences. Following a major pension reform Swedish adults had to compose a portfolio from a large menu of funds. We match data on these investment decisions with the Swedish Twin Registry and …nd that approximately 25% of individual… 

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