{"id":"https://openalex.org/W3123900965","doi":"https://doi.org/10.1016/j.jfineco.2015.10.002","title":"Anxiety in the face of risk","display_name":"Anxiety in the face of risk","publication_year":2016,"publication_date":"2016-05-15","ids":{"openalex":"https://openalex.org/W3123900965","doi":"https://doi.org/10.1016/j.jfineco.2015.10.002","mag":"3123900965"},"language":"en","primary_location":{"id":"doi:10.1016/j.jfineco.2015.10.002","doi":"https://doi.org/10.1016/j.jfineco.2015.10.002","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.jfineco.2015.10.002","pdf_url":null,"source":{"id":"https://openalex.org/S149240962","display_name":"Journal of Financial Economics","issn_l":"0304-405X","issn":["0304-405X","1879-2774"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1-star","ft50","jufo-3","norway-2","poland-200","russia-white-list-1","utd24","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Financial Economics","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5028651425","display_name":"Thomas M. Eisenbach","orcid":"https://orcid.org/0000-0001-8994-2720","observed_orcids":["https://orcid.org/0000-0001-8994-2720"]},"institutions":[{"id":"https://openalex.org/I43638361","display_name":"Federal Reserve Bank of New York","ror":"https://ror.org/05hwvzg47","country_code":"US","type":"other","lineage":["https://openalex.org/I1317239608","https://openalex.org/I43638361"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Thomas M. Eisenbach","raw_affiliation_strings":["Federal Reserve Bank of New York, 33 Liberty Street, New York, NY 10045, United States"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Federal Reserve Bank of New York, 33 Liberty Street, New York, NY 10045, United States","institution_ids":["https://openalex.org/I43638361"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5088570401","display_name":"Martin C. Schmalz","orcid":"https://orcid.org/0000-0002-8094-9456","observed_orcids":["https://orcid.org/0000-0002-8094-9456","https://orcid.org/0000-0002-0167-2584"]},"institutions":[{"id":"https://openalex.org/I27837315","display_name":"University of Michigan","ror":"https://ror.org/00jmfr291","country_code":"US","type":"education","lineage":["https://openalex.org/I27837315"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Martin C. Schmalz","raw_affiliation_strings":["University of Michigan, Stephen M. Ross School of Business, 701 Tappan Street, Ann Arbor, MI 48109, United States"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Michigan, Stephen M. Ross School of Business, 701 Tappan Street, Ann Arbor, MI 48109, United States","institution_ids":["https://openalex.org/I27837315"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5088570401"],"corresponding_institution_ids":["https://openalex.org/I27837315"],"apc_list":{"value":4740,"currency":"USD","value_usd":4740},"apc_paid":null,"fwci":2.5979,"has_fulltext":false,"cited_by_count":75,"citation_normalized_percentile":{"value":0.89883871,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":100},"biblio":{"volume":"121","issue":"2","first_page":"414","last_page":"426"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.8511000275611877,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.8511000275611877,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10067","display_name":"Stochastic processes and financial applications","score":0.0333000011742115,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12394","display_name":"Insurance and Financial Risk Management","score":0.030700000002980232,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/anxiety","display_name":"anxiety","score":0.8109999895095825},{"id":"https://openalex.org/keywords/risk-aversion","display_name":"risk aversion","score":0.8690000176429749},{"id":"https://openalex.org/keywords/time-varying-risk-aversion","display_name":"time-varying risk aversion","score":0.8849999904632568},{"id":"https://openalex.org/keywords/utility-functions","display_name":"utility functions","score":0.5920000076293945},{"id":"https://openalex.org/keywords/time-inconsistency","display_name":"time inconsistency","score":0.7820000052452087},{"id":"https://openalex.org/keywords/portfolio-management","display_name":"portfolio management","score":0.6309999823570251},{"id":"https://openalex.org/keywords/investment-advice","display_name":"investment advice","score":0.9139999747276306},{"id":"https://openalex.org/keywords/risk-return-trade-off","display_name":"risk-return tradeoff","score":0.7440000176429749}],"concepts":[{"id":"https://openalex.org/C86532276","wikidata":"https://www.wikidata.org/wiki/Q1184065","display_name":"Delegation","level":2,"score":0.7130204439163208},{"id":"https://openalex.org/C558461103","wikidata":"https://www.wikidata.org/wiki/Q154430","display_name":"Anxiety","level":2,"score":0.6799665689468384},{"id":"https://openalex.org/C51110983","wikidata":"https://www.wikidata.org/wiki/Q16503490","display_name":"Overconfidence effect","level":2,"score":0.6212413907051086},{"id":"https://openalex.org/C2779304628","wikidata":"https://www.wikidata.org/wiki/Q3503480","display_name":"Face (sociological concept)","level":2,"score":0.5078595280647278},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.49619776010513306},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.47261595726013184},{"id":"https://openalex.org/C151541453","wikidata":"https://www.wikidata.org/wiki/Q523022","display_name":"Risk premium","level":2,"score":0.4312739968299866},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3603406548500061},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.336739718914032},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.3299097418785095},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.23288702964782715},{"id":"https://openalex.org/C77805123","wikidata":"https://www.wikidata.org/wiki/Q161272","display_name":"Social psychology","level":1,"score":0.13435497879981995},{"id":"https://openalex.org/C36289849","wikidata":"https://www.wikidata.org/wiki/Q34749","display_name":"Social science","level":1,"score":0.0},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C118552586","wikidata":"https://www.wikidata.org/wiki/Q7867","display_name":"Psychiatry","level":1,"score":0.0},{"id":"https://openalex.org/C187736073","wikidata":"https://www.wikidata.org/wiki/Q2920921","display_name":"Management","level":1,"score":0.0}],"mesh":[],"locations_count":6,"locations":[{"id":"doi:10.1016/j.jfineco.2015.10.002","doi":"https://doi.org/10.1016/j.jfineco.2015.10.002","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.jfineco.2015.10.002","pdf_url":null,"source":{"id":"https://openalex.org/S149240962","display_name":"Journal of Financial Economics","issn_l":"0304-405X","issn":["0304-405X","1879-2774"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1-star","ft50","jufo-3","norway-2","poland-200","russia-white-list-1","utd24","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Financial Economics","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:pri:metric:wp029_2011_eisenbach_schmalz.pdf","doi":null,"is_oa":false,"landing_page_url":"http://detc.princeton.edu/wp-content/uploads/2016/11/wp029_2011_Eisenbach_Schmalz.pdf","pdf_url":"http://detc.princeton.edu/wp-content/uploads/2016/11/wp029_2011_Eisenbach_Schmalz.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.642.2629","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.642.2629","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://www.princeton.edu/econtheorycenter/wps/wp029_2011_Eisenbach_Schmalz.pdf","raw_type":"text"},{"id":"mag:3123900965","doi":null,"is_oa":false,"landing_page_url":"https://econpapers.repec.org/paper/primetric/wp029_5f2011_5feisenbach_5fschmalz.pdf.htm","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null},{"id":"pmh:oai:RePEc:eee:jfinec:v:121:y:2016:i:2:p:414-426","doi":null,"is_oa":false,"landing_page_url":"http://www.sciencedirect.com/science/article/pii/S0304405X16300782","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:RePEc:fip:fednsr:610","doi":null,"is_oa":false,"landing_page_url":"https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr610.html","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":67,"referenced_works":["https://openalex.org/W134843521","https://openalex.org/W1500950774","https://openalex.org/W1531041850","https://openalex.org/W1574786337","https://openalex.org/W1858398342","https://openalex.org/W1965121966","https://openalex.org/W1967232224","https://openalex.org/W1968743500","https://openalex.org/W1977869359","https://openalex.org/W1989736131","https://openalex.org/W1990980558","https://openalex.org/W2003351889","https://openalex.org/W2003918633","https://openalex.org/W2020943615","https://openalex.org/W2023694774","https://openalex.org/W2026559010","https://openalex.org/W2047998508","https://openalex.org/W2055265054","https://openalex.org/W2055337889","https://openalex.org/W2061588115","https://openalex.org/W2078011285","https://openalex.org/W2085501732","https://openalex.org/W2087774884","https://openalex.org/W2092704770","https://openalex.org/W2096136442","https://openalex.org/W2100056252","https://openalex.org/W2104069701","https://openalex.org/W2105922728","https://openalex.org/W2106600012","https://openalex.org/W2113704261","https://openalex.org/W2114859981","https://openalex.org/W2117817308","https://openalex.org/W2118052532","https://openalex.org/W2129803876","https://openalex.org/W2132807882","https://openalex.org/W2133868139","https://openalex.org/W2136871540","https://openalex.org/W2137248257","https://openalex.org/W2137571342","https://openalex.org/W2137623058","https://openalex.org/W2140619986","https://openalex.org/W2144965980","https://openalex.org/W2150906796","https://openalex.org/W2153174854","https://openalex.org/W2153521119","https://openalex.org/W2157033237","https://openalex.org/W2161010501","https://openalex.org/W2184287854","https://openalex.org/W2327840979","https://openalex.org/W2891159187","https://openalex.org/W3121296511","https://openalex.org/W3121456775","https://openalex.org/W3121637603","https://openalex.org/W3121717797","https://openalex.org/W3122092976","https://openalex.org/W3123908576","https://openalex.org/W3124896223","https://openalex.org/W3124999956","https://openalex.org/W3125353710","https://openalex.org/W3125905545","https://openalex.org/W3126124907","https://openalex.org/W4211239526","https://openalex.org/W4213090392","https://openalex.org/W4230957748","https://openalex.org/W4250805573","https://openalex.org/W4251562186","https://openalex.org/W6628946626"],"related_works":["https://openalex.org/W4231245710","https://openalex.org/W2220390838","https://openalex.org/W3123456268","https://openalex.org/W4386750684","https://openalex.org/W1598308579","https://openalex.org/W1930083487","https://openalex.org/W1517131680","https://openalex.org/W4240438882","https://openalex.org/W6981262222","https://openalex.org/W4233848793"],"abstract_inverted_index":null,"counts_by_year":[{"year":2025,"cited_by_count":5},{"year":2024,"cited_by_count":36},{"year":2023,"cited_by_count":4},{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":7},{"year":2020,"cited_by_count":7},{"year":2019,"cited_by_count":2},{"year":2018,"cited_by_count":5},{"year":2017,"cited_by_count":2},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":2},{"year":2012,"cited_by_count":1}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2021-02-01T00:00:00"}