Work

An Analysis Of The Ability Of Individuals To Predict Their Own Risk Tolerance

Year: 2011

Type: article

Abstract: This paper analyzes the capability of individuals to accurately estimate risk tolerance. Using a database of respondent answers to a psychometrically valid questionnaire, calculated risk tolerance scores are compared to respondent self-assessed risk tolerance scores. In general, gender and education are the most significant factors in explaining the ability of individuals to accurately forecast their own risk tolerance score.

Source: Journal of Business & Economics Research (JBER)

DOI: 10.19030/jber.v3i2.2744

Author: Robert W. Moreschi

Institution: Virginia Military Institute

Language: English

Topic: Decision-Making and Behavioral Economics

Subfield: General Decision Sciences

Field: Decision Sciences

Domain: Social Sciences

Open Access status: bronze

OpenAlex ID: W2178340980

FWCI: 1.412

Cites: 24

Cited by: 35

Related to: 10