Cooper, W.W.; Kingyens, Angela T.; Paradi, Joseph C. - In: European Journal of Operational Research 233 (2014) 1, pp. 273-280
Typical questionnaires administered by financial advisors to assess financial risk tolerance mostly contain stereotypes of people, have seemingly unscientific scoring approaches and often treat risk as a one-dimensional concept. In this work, a mathematical tool was developed to assess relative...