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Kedrosky today on risk-aversion between Catholics and Protestants:

We examine the relations between mutual fund risk-taking behaviors and local religious beliefs. We find that funds located in regions with lower Protestant population or higher Catholic population tend to have higher volatilities of fund returns, consistent with Protestants (Catholics) being more (less) risk-averse compared to general population.

More here.

“Sent from my BlackBerry® wireless handheld”

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