Factors Related to Household Risk Tolerance : An Ordered Probit Analysis

Risk tolerance plays an important role in each household's optimal portfolio decision. This paperestimates the effects of income and demographic characteristics on risk tolerance by employingordered probit model. While individual with higher income, more education, self employed orfarmer, married and single male were more willing to take financial risks, those age 55 or olderwere less willing to take financial risks

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Year of publication:	2018
Authors:	Sung, Jamie
Other Persons:	Hanna, Sherman D. (contributor)
Publisher:	[2018]: [S.l.] : SSRN
Subject:	Probit-Modell \| Probit model \| Privater Haushalt \| Household \| Risikopräferenz \| Risk attitude \| Schätzung \| Estimation

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Extent:	1 Online-Ressource (10 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Sung, J. & Hanna, S. (1996). Factors related to household risk tolerance: An ordered probit analysis. Consumer Interests Annual, 42, 227-228 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 27, 1996 erstellt
Classification:	D14 - Personal Finance ; G11 - Portfolio Choice
Source:	ECONIS - Online Catalogue of the ZBW

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