Impact of Economic Conditions on Individual Risk Attitude

Impact of Economic Conditions on Individual Risk Attitude PDF Author: Mark J. Browne
Publisher:
ISBN:
Category :
Languages : en
Pages : 39

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Book Description
The current study uses the German Socio Economic Panel to examine how the financial crisis of 2008-2010 impacted individuals' risk attitude. We find substantial changes in risk attitudes associated with the financial crisis which supports countercyclical risk aversion. We find that managers who continued to work in a leadership position were more risk taking in the beginning and reacted quicker compared both to the general population and to individuals who entered the crisis but did not exit the crisis with managerial positions. Changes in risk tolerance levels differ across socio-demographic groups, including gender and income levels. Finally, we observe variations across generations, which we attribute to generation-specific macro-economic experiences.

Impact of Economic Conditions on Individual Risk Attitude

Impact of Economic Conditions on Individual Risk Attitude PDF Author: Mark J. Browne
Publisher:
ISBN:
Category :
Languages : en
Pages : 39

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Book Description
The current study uses the German Socio Economic Panel to examine how the financial crisis of 2008-2010 impacted individuals' risk attitude. We find substantial changes in risk attitudes associated with the financial crisis which supports countercyclical risk aversion. We find that managers who continued to work in a leadership position were more risk taking in the beginning and reacted quicker compared both to the general population and to individuals who entered the crisis but did not exit the crisis with managerial positions. Changes in risk tolerance levels differ across socio-demographic groups, including gender and income levels. Finally, we observe variations across generations, which we attribute to generation-specific macro-economic experiences.

Risk attitude & Economics

Risk attitude & Economics PDF Author: Laura Concina
Publisher: FonCSI
ISBN:
Category : Technology & Engineering
Languages : en
Pages : 55

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Book Description
This document is an introduction, for non-economists, to standard and behavioral economic theories of risk and uncertainty. It describes some broadly-accepted results in economics that are determinant in decision-making under risk or uncertainty and in situations where we have to deal with losses and gains. To illustrate this point, the document presents a selection of theoretical results, ponctuated with examples taken from everyday life, and research studies in economics and psychology on the perception of risk.

Handbook of Risk Theory

Handbook of Risk Theory PDF Author: Rafaela Hillerbrand
Publisher: Springer Science & Business Media
ISBN: 9400714335
Category : Science
Languages : en
Pages : 1209

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Book Description
Risk has become one of the main topics in fields as diverse as engineering, medicine and economics, and it is also studied by social scientists, psychologists and legal scholars. But the topic of risk also leads to more fundamental questions such as: What is risk? What can decision theory contribute to the analysis of risk? What does the human perception of risk mean for society? How should we judge whether a risk is morally acceptable or not? Over the last couple of decades questions like these have attracted interest from philosophers and other scholars into risk theory. This handbook provides for an overview into key topics in a major new field of research. It addresses a wide range of topics, ranging from decision theory, risk perception to ethics and social implications of risk, and it also addresses specific case studies. It aims to promote communication and information among all those who are interested in theoetical issues concerning risk and uncertainty. This handbook brings together internationally leading philosophers and scholars from other disciplines who work on risk theory. The contributions are accessibly written and highly relevant to issues that are studied by risk scholars. We hope that the Handbook of Risk Theory will be a helpful starting point for all risk scholars who are interested in broadening and deepening their current perspectives.

Individual Risk Attitudes

Individual Risk Attitudes PDF Author:
Publisher:
ISBN:
Category : Attitude (Psychology)
Languages : en
Pages : 57

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Book Description


Understanding and Managing Risk Attitude

Understanding and Managing Risk Attitude PDF Author: David Hillson
Publisher: Gower Publishing, Ltd.
ISBN: 9780566086274
Category : Business & Economics
Languages : en
Pages : 212

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Book Description
Risk assessment, Risk analysis, Management, People, Enterprises, Quality and Management

Individual Risk Attitudes

Individual Risk Attitudes PDF Author:
Publisher:
ISBN:
Category : Attitude (Psychology)
Languages : en
Pages : 0

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Book Description


Risky Business

Risky Business PDF Author: Ingo Eduard Isphording
Publisher:
ISBN: 9783867882118
Category :
Languages : en
Pages : 0

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Book Description


Individual Risk Attitudes

Individual Risk Attitudes PDF Author: Thomas Johannes Dohmen
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description


Risk Aversion in Experiments

Risk Aversion in Experiments PDF Author: G.W. Harrison
Publisher: Emerald Group Publishing
ISBN: 0762313846
Category : Business & Economics
Languages : en
Pages : 449

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Book Description
Presents research utilizing laboratory experimental methods in economics.

Financial Risk Tolerance: A Psychometric Review

Financial Risk Tolerance: A Psychometric Review PDF Author: John E. Grable
Publisher: CFA Institute Research Foundation
ISBN: 1944960201
Category : Business & Economics
Languages : en
Pages : 27

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Book Description
This content provides financial analysts, investment professionals, and financial planners with a review of how financial risk-tolerance tests can and should be evaluated. It begins by clarifying terms related to risk taking and is followed by a broad overview of two important measurement terms: validity and reliability. It concludes with examples for practice.