This is Your Portfolio on Winter

By Lisa A. Kramer, Mark Weber. 2012

100 citations recorded by the source corpus.

This study found that people who suffer from seasonal affective disorder (SAD) displayed financial risk aversion that varied across the seasons as a function of seasonally changing affect. The SAD-sufferers had significantly stronger preferences for safe choices during the winter than non-SAD-sufferers, and they did not differ from non-SAD-sufferers during the summer. The effect of SAD on risk aversion in the winter was mediated by depression.

Subfields: Applied Psychology, Experimental and Cognitive Psychology, General Decision Sciences

View Paper: https://www.semanticscholar.org/paper/c74dab95bcf1bf19d5467929ebfdf4b0f4442337

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Applied Psychology

In Experimental and Cognitive Psychology

In General Decision Sciences

Citations in the corpus

Do Happy People Make Optimistic Investors (2015, background): “Recently, Kramer and Weber (2012) directly linked SAD and seasonal fluctuations to a degree of financial risk aversion.”
Weather-Induced Mood, Institutional Investors, and Stock Returns (2015, methodology): “Similarly, Kramer and Weber (2012) use experimental evidence to establish a link”
O Sole Mio An Experimental Analysis of Weather and Risk Attitudes (2013, result): “Our results are thus consistent with the analysis of Kuhnen and Knutson (2011), who find that “positive emotional states such as excitement induce people to take risks and to be confident in their ability to evaluate investment options.”