Abstract

http://ssrn.com/abstract=1509173
 
 

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Stature, Obesity, and Portfolio Choice


Jawad M. Addoum


University of Miami - School of Business Administration

George M. Korniotis


University of Miami

Alok Kumar


University of Miami - School of Business Administration

May 13, 2015


Abstract:     
Using multiple U.S. and European data sources, we show that observed physical attributes are related to risk-taking behavior in financial markets. Specifically, we find that individuals who are relatively tall and of normal weight are more likely to participate in financial markets, and when they participate, they hold riskier financial portfolios. Examining the potential mechanisms that drive the relation between physical attributes and portfolio decisions, we find that teenage social experiences as well as genetic and prenatal endowments that are fixed at birth are the two channels through which height affects financial decisions. In contrast, the relation between body mass index and portfolio decisions is largely driven by education and race.

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Date posted: November 21, 2009 ; Last revised: May 15, 2015

Suggested Citation

Addoum, Jawad M. and Korniotis, George M. and Kumar, Alok, Stature, Obesity, and Portfolio Choice (May 13, 2015). Available at SSRN: http://ssrn.com/abstract=1509173 or http://dx.doi.org/10.2139/ssrn.1509173

Contact Information

Jawad M. Addoum
University of Miami - School of Business Administration ( email )
P.O. Box 248126
Florida
Coral Gables, FL 33124
United States
George M. Korniotis
University of Miami ( email )
P.O. Box 248094
Coral Gables, FL 33124-6552
United States
305-284-5728 (Phone)
Alok Kumar (Contact Author)
University of Miami - School of Business Administration ( email )
514 Jenkins Building
Department of Finance
Coral Gables, FL 33124-6552
United States
305-284-1882 (Phone)
HOME PAGE: http://moya.bus.miami.edu/~akumar
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