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 … probability assessment) and risk tolerance (an investor’s willingness to engage in a behavior based on their subjective evaluation … alternative way of viewing these constructs. We show that risk aversion and risk tolerance act as complementary factors in models …