{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,11,3]],"date-time":"2026-11-03T14:58:06Z","timestamp":1793717886028,"version":"4.6.1"},"reference-count":47,"publisher":"Informa UK Limited","issue":"3","funder":[{"DOI":"10.13039\/100000049","name":"National Institute on Aging","doi-asserted-by":"crossref","award":["P01-AG026571"],"award-info":[{"award-number":["P01-AG026571"]}],"id":[{"id":"10.13039\/100000049","id-type":"DOI","asserted-by":"crossref"}]}],"content-domain":{"domain":["www.tandfonline.com"],"crossmark-restriction":true},"short-container-title":["Journal of Business &amp; Economic Statistics"],"published-print":{"date-parts":[[2020,7,2]]},"DOI":"10.1080\/07350015.2018.1549560","type":"journal-article","created":{"date-parts":[[2019,4,2]],"date-time":"2019-04-02T15:44:54Z","timestamp":1554219894000},"page":"633-646","update-policy":"https:\/\/doi.org\/10.1080\/tandf_crossmark_01","source":"Crossref","is-referenced-by-count":72,"title":["Heterogeneity in Expectations, Risk Tolerance, and Household Stock Shares: The Attenuation Puzzle"],"prefix":"10.1080","volume":"38","author":[{"given":"John","family":"Ameriks","sequence":"first","affiliation":[{"name":"The Vanguard Group, Inc., PO Box 2600, Valley Forge, PA, 19482-2600 ();"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"G\u00e1bor","family":"K\u00e9zdi","sequence":"additional","affiliation":[{"name":"Survey Research Center, University of Michigan, Ann Arbor, MI, 48109-1248 ();"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Minjoon","family":"Lee","sequence":"additional","affiliation":[{"name":"Department of Economics, Carleton University, Ottawa, ON, K1S 5B6, Canada ();"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Matthew D.","family":"Shapiro","sequence":"additional","affiliation":[{"name":"Department of Economics, and Survey Research Center, University of Michigan, Ann Arbor, MI, 48109-1248, and NBER ()"}],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"301","published-online":{"date-parts":[[2019,4,2]]},"reference":[{"key":"CIT0001","unstructured":"Ameriks, J., Briggs, J., Caplin, A., Matthew, D. S., and Tonetti, C. (2017), \u201cLong-Term-Care Utility and Late-in-Life Saving,\u201d Vanguard Research Initiative Working Paper."},{"key":"CIT0002","unstructured":"Ameriks, J., Briggs, J., Caplin, A., Shapiro, M. D., and Tonetti, C. (2018), \u201cThe Long-Term-Care Insurance Puzzle: Modeling and Measurement,\u201d Vanguard Research Initiative Working Paper."},{"key":"CIT0003","doi-asserted-by":"publisher","DOI":"10.1111\/j.1540-6261.2010.01641.x"},{"key":"CIT0004","doi-asserted-by":"crossref","unstructured":"Ameriks, J., Caplin, A., Lee, M., Shapiro, M. D., and Tonetti, C. (2014), \u201cThe Wealth of Wealthholders,\u201d Vanguard Research Initiative Working Paper.","DOI":"10.3386\/w20972"},{"key":"CIT0005","doi-asserted-by":"crossref","unstructured":"Amromin, G., and Sharpe, S. A. (2012), \u201cFrom the Horse\u2019s Mouth: How do Investor Expectations of Risk and Return Vary with Economic Conditions?\u201d Federal Reserve Bank of Chicago Working Paper.","DOI":"10.2139\/ssrn.2182622"},{"key":"CIT0006","doi-asserted-by":"publisher","DOI":"10.1146\/annurev-economics-081512-141510"},{"key":"CIT0007","volume-title":"Review of Economic Studies","author":"Armona L.","year":"2016"},{"key":"CIT0008","doi-asserted-by":"crossref","unstructured":"Arrondel, L., Calvo-Pardo, H., Giannitsarou, C., and Haliassos, M. (2017), \u201cInformative Social Interactions,\u201d mimeo.","DOI":"10.2139\/ssrn.3171564"},{"key":"CIT0009","volume-title":"Lifecycle Investing: A New, Safe, and Audacious Way to Improve the Performance of Your Retirement Portfolio","author":"Ayres I.","year":"2010"},{"key":"CIT0010","doi-asserted-by":"publisher","DOI":"10.1162\/003355397555280"},{"key":"CIT0011","doi-asserted-by":"crossref","unstructured":"Bordalo, P., Gennaioli, N., Ma, Y., and Shleifer, A. (2017), \u201cOverreaction in Macroeconomic Expectations,\u201d mimeo.","DOI":"10.3386\/w24932"},{"key":"CIT0012","unstructured":"Botsch, M. J., and Malmendier, U. (2017), \u201cThe Welfare Effects of Experienced Inflation for Mortgage Choices,\u201d mimeo."},{"key":"CIT0013","doi-asserted-by":"publisher","DOI":"10.1002\/jae.1239"},{"key":"CIT0014","doi-asserted-by":"publisher","DOI":"10.1257\/aer.98.3.713"},{"key":"CIT0015","doi-asserted-by":"publisher","DOI":"10.1111\/j.1540-6261.2006.00883.x"},{"key":"CIT0016","doi-asserted-by":"publisher","DOI":"10.1111\/jofi.12125"},{"key":"CIT0017","volume-title":"Keynote Lecture, Sloan-Bank of England-Office of Financial Research Conference on Heterogeneous Agent Macroeconomics","author":"Carroll C. D","year":"2017"},{"key":"CIT0018","doi-asserted-by":"publisher","DOI":"10.1016\/j.jfineco.2016.01.003"},{"key":"CIT0019","doi-asserted-by":"publisher","DOI":"10.1257\/aer.100.3.1238"},{"key":"CIT0020","doi-asserted-by":"publisher","DOI":"10.1111\/j.1542-4774.2011.01015.x"},{"key":"CIT0021","doi-asserted-by":"publisher","DOI":"10.1162\/jeea.2007.5.2-3.369"},{"key":"CIT0022","doi-asserted-by":"publisher","DOI":"10.1007\/s10679-005-7592-4"},{"key":"CIT0023","doi-asserted-by":"publisher","DOI":"10.1093\/rof\/rfm008"},{"key":"CIT0024","doi-asserted-by":"publisher","DOI":"10.1016\/j.jfineco.2008.08.004"},{"key":"CIT0025","doi-asserted-by":"publisher","DOI":"10.1016\/j.jfineco.2018.02.007"},{"key":"CIT0026","doi-asserted-by":"publisher","DOI":"10.1016\/j.jbankfin.2012.08.007"},{"key":"CIT0027","doi-asserted-by":"publisher","DOI":"10.1002\/jae.1226"},{"key":"CIT0028","doi-asserted-by":"publisher","DOI":"10.1146\/annurev.economics.050708.142955"},{"key":"CIT0029","doi-asserted-by":"publisher","DOI":"10.1002\/jae.1242"},{"key":"CIT0030","doi-asserted-by":"publisher","DOI":"10.1037\/pspp0000090"},{"key":"CIT0031","doi-asserted-by":"crossref","unstructured":"K\u00e9zdi, G., and Willis, R. J. (2011), \u201cHousehold Stock Market Beliefs and Learning,\u201d Nber, Working Paper 17614.","DOI":"10.3386\/w17614"},{"key":"CIT0032","doi-asserted-by":"publisher","DOI":"10.1198\/016214508000000139"},{"key":"CIT0033","doi-asserted-by":"publisher","DOI":"10.1016\/j.jebo.2015.08.003"},{"key":"CIT0034","doi-asserted-by":"publisher","DOI":"10.1093\/qje\/qjq004"},{"key":"CIT0035","doi-asserted-by":"publisher","DOI":"10.1093\/qje\/qjv037"},{"key":"CIT0036","doi-asserted-by":"publisher","DOI":"10.1111\/j.1468-0262.2004.00537.x"},{"key":"CIT0037","doi-asserted-by":"publisher","DOI":"10.1086\/696061"},{"key":"CIT0038","doi-asserted-by":"publisher","DOI":"10.1198\/jbes.2009.08098"},{"key":"CIT0039","doi-asserted-by":"publisher","DOI":"10.1016\/j.jbankfin.2014.03.042"},{"key":"CIT0040","doi-asserted-by":"publisher","DOI":"10.2307\/1926560"},{"key":"CIT0041","doi-asserted-by":"publisher","DOI":"10.1016\/0022-0531(71)90038-X"},{"key":"CIT0042","doi-asserted-by":"publisher","DOI":"10.1016\/0304-405X(80)90007-0"},{"key":"CIT0043","doi-asserted-by":"publisher","DOI":"10.1257\/aer.99.2.406"},{"key":"CIT0044","doi-asserted-by":"publisher","DOI":"10.1093\/rfs\/hhp060"},{"key":"CIT0045","doi-asserted-by":"publisher","DOI":"10.1086\/ma.18.3585252"},{"key":"CIT0046","doi-asserted-by":"publisher","DOI":"10.1093\/rfs\/hhq092"},{"key":"CIT0047","doi-asserted-by":"publisher","DOI":"10.1093\/rof\/rfs024"}],"container-title":["Journal of Business &amp; Economic Statistics"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/www.tandfonline.com\/doi\/pdf\/10.1080\/07350015.2018.1549560","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2020,9,6]],"date-time":"2020-09-06T16:55:23Z","timestamp":1599411323000},"score":1,"resource":{"primary":{"URL":"https:\/\/www.tandfonline.com\/doi\/full\/10.1080\/07350015.2018.1549560"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2019,4,2]]},"references-count":47,"journal-issue":{"issue":"3","published-print":{"date-parts":[[2020,7,2]]}},"alternative-id":["10.1080\/07350015.2018.1549560"],"URL":"https:\/\/doi.org\/10.1080\/07350015.2018.1549560","relation":{},"ISSN":["0735-0015","1537-2707"],"issn-type":[{"value":"0735-0015","type":"print"},{"value":"1537-2707","type":"electronic"}],"subject":[],"published":{"date-parts":[[2019,4,2]]},"assertion":[{"value":"The publishing and review policy for this title is described in its Aims & Scope.","order":1,"name":"peerreview_statement","label":"Peer Review Statement"},{"value":"http:\/\/www.tandfonline.com\/action\/journalInformation?show=aimsScope&journalCode=ubes20","URL":"http:\/\/www.tandfonline.com\/action\/journalInformation?show=aimsScope&journalCode=ubes20","order":2,"name":"aims_and_scope_url","label":"Aim & Scope"},{"value":"2019-04-02","order":3,"name":"published","label":"Published","group":{"name":"publication_history","label":"Publication History"}}]}}