Risk tolerance and demographic characteristics
Preliminary Irish evidence
DOI:
https://doi.org/10.61190/fsr.v22i1.4643Keywords:
Ireland, Financial risk, Survey, RiskAbstract
We examine by means of a survey and subsequent statistical analysis the extent of financial risk tolerance in Irish adults. We administer the (Grable & Lytton, 1999) 13 item risk tolerance instrument, and find confirmed a number of stylized facts found elsewhere on age, gender, and education levels and their impact on risk tolerance. This is to our knowledge the first comprehensive survey of Irish adults on their risk tolerance.
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