Genetics could play a significant role in investment decisions, new research has found.
The study used Swedish financial records to compare the investment decisions of pairs of fraternal twins, who share 50 per cent of genes, and identical twins, who share 100 per cent of genes.
Although individual-specific environmental factors explained most of the variation, a “significant and substantial” genetic component was found, which explains between 26 to 45 per cent of variation in investment decisions.
Read more at Arizona State University, Claremont McKenna College