Leverage and Beliefs: Personal Experience and Risk-Taking in Margin Lending

Peter Koudijs; Hans-Joachim Voth (2016) · American Economic Review

Published

October 10, 2026

import sys
from pathlib import Path

ROOT = next(
    p for p in [Path.cwd(), *Path.cwd().parents]
    if (p / "scripts/tranche50_report.py").exists()
)
sys.path.insert(0, str(ROOT / "scripts"))
from tranche50_report import report
report("aeraej-4", tranche="tranche100")

Peter Koudijs; Hans-Joachim Voth (2016). American Economic Review. Table 6 Panel A.

Template assessment

The supplied R entry point requires analysis_dataset.rds, which is absent. Loancontracts and other raw Stata inputs are deposited, but their linked contract/lender-exposure preparation has not been reconstructed for this template.

No comparison point or homogeneity-test decision is assigned to this paper.