English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Plus annual

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Tools annual

Global: Zendy Free Plan

Global: Zendy Tools monthly

Global: Zendy Plus monthly

The major problem of investment process is individual risk sentiment. Understanding how personal characteristics affect risk attitudes is a significant question. This paper develops the Merton risk model in the context of Modern Portfolio Theory. The statistical methods are analysis of variance (ANOVA) and Mann-Whitney statistic tests for an individual agent with an infinite continuous horizon of investment. Research in this field has produced various perplexing results. It is the first research about risk sentiment of Russian investors. The authors study individuals in Russia and factors for decision making of individual investors such as age, field of work, salary, salary stability, income, risk sentiment, savings. The individuals are of special interest for several reasons. Also, 5-years exchange traded funds (ETF) and bitcoin performance were analyzed to find potential risks. Based on statistics of risk sentiment and ETF performance, it is found that, in general, the high-risk investors have lower income and lower age. The paper suggests that individual risk in young age often becomes more willing, but older individual investor become less risk-seeking. The authors propose the model for choosing optimal asset allocation of exchange-traded funds. Alexey Mikhaylov (Russia), Natalia Sokolinskaya (Russia), Evgeny Lopatin (United Kingdom)

Retraction: Asset allocation in equity, fixed-income and cryptocurrency on the base of individual risk sentiment