Faff, Robert; Mulino, Daniel; Chai, Daniel - In: Journal of Financial Research 31 (2008) 1, pp. 1-23
We explore the linkage between financial risk tolerance (FRT) and risk aversion. To do this, we obtain FRT scores from a psychometrically validated survey and conduct a battery of online lottery choice experiments involving the same nonstudent participants. We contrast: real and hypothetical...