Grable, John E.; Rabbani, Abed; Heo, Wookjae - In: Risks : open access journal 12 (2024) 7, pp. 1-16
Financial risk aversion and financial risk tolerance are sometimes considered to be ‘opposite sides of the same coin … to determine that financial risk aversion is inversely related to portfolio risk, whereas financial risk tolerance is … increased compared to models where one, but not the other, measure was used. Overall, financial risk tolerance exhibited the …