Stature, Obesity, and Portfolio Choice

61 Pages Posted: 21 Nov 2009 Last revised: 17 Jul 2015

See all articles by Jawad M. Addoum

Jawad M. Addoum

Cornell SC Johnson College of Business

George M. Korniotis

University of Miami; Miami Business School; University of Miami - Behavioral Decision Making Cluster

Alok Kumar

University of Miami - Miami Herbert Business School

Date Written: July 15, 2015

Abstract

Using multiple U.S. and European data sources, we show that observed physical attributes are related to participation in financial markets. Specifically, we find that individuals who are relatively tall and of normal weight are more likely to hold stocks in their financial portfolios. We consider several potential mechanisms that could 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. Further, we find that the relation between body mass index and portfolio decisions is largely driven by education and race.

Suggested Citation

Addoum, Jawad M. and Korniotis, George M. and Kumar, Alok, Stature, Obesity, and Portfolio Choice (July 15, 2015). Available at SSRN: https://ssrn.com/abstract=1509173 or http://dx.doi.org/10.2139/ssrn.1509173

Jawad M. Addoum

Cornell SC Johnson College of Business ( email )

Ithaca, NY 14850
United States

George M. Korniotis

University of Miami ( email )

P.O. Box 248094
Coral Gables, FL 33124-6552
United States
305-284-5728 (Phone)

Miami Business School ( email )

University of Miami - Behavioral Decision Making Cluster ( email )

5250 University Drive
Coral Gables, FL 33124
United States

Alok Kumar (Contact Author)

University of Miami - Miami Herbert Business School ( email )

512B Jenkins Building
Department of Finance
Coral Gables, FL 33124-6552
United States
305-284-1882 (Phone)

HOME PAGE: http://moya.bus.miami.edu/~akumar

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
1,041
Abstract Views
5,513
rank
29,512
PlumX Metrics