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An Empirical Study of Financial Literacy versus Risk Tolerance Among Higher Education Students
Huzdik, Katalin; Béres, Dániel; Németh, Erzsébet - In: Public Finance Quarterly 59 (2014) 4, pp. 444-456
The survey conducted in 2012–2013 by the State Audit Office of Hungary and its non-governmental partners examined the financial literacy, financial knowledge and risk appetite among higher education students (n=1,743), as well as the factors influencing the same. Our results show that starting...
Persistent link: https://www.econbiz.de/10011122499
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TWO NEW MEASURES OF HOUSEHOLD-LEVEL INVESTMENT RISK
TAFF, Laurence G. - In: Journal of Applied Research in Finance Bi-Annually III (2011) 2, pp. 279-289
a household's accumulated stock of wealth and current annual household income. The data come from the 2004 edition of …
Persistent link: https://www.econbiz.de/10010744683
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What to Do if Dollar is Not a Dollar? The Impact of Inflation Risk on Production and Risk Management
Adam-Müller, Axel F. A. - Zentrum für Finanzen und Ökonometrie, Fachbereich … - 2001
Persistent link: https://www.econbiz.de/10005357882
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Is relative risk aversion constant? A reinterpretation of recent asset allocation findings at the micro level
Liu, Desu - In: Economics Letters 117 (2012) 1, pp. 250-252
Recent work about risk preferences at the micro level mainly finds that changes in liquid wealth over time do not … allocations with respect to wealth changes than the well-known preference of constant relative risk aversion itself. …
Persistent link: https://www.econbiz.de/10010580485
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Optimal Inequality behind the Veil of Ignorance
Liang, Che-Yuan - Nationalekonomiska Institutionen, Uppsala Universitet - 2013
under risk and arrives at utilitarianism using expected utility theory. This paper investigates the implications of applying … prospect theory instead, which better describes behavior under risk. I find that the specific type of inequality in bottom …
Persistent link: https://www.econbiz.de/10010643160
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Optimal Inequality behind the Veil of Ignorance
Liang, Che-Yuan - Nationalekonomiska Institutionen, Uppsala Universitet - 2013
under risk and arrives at utilitarianism using expected utility theory. This paper investigates the implications of applying … prospect theory instead, which better describes behavior under risk. I find that the specific type of inequality in bottom …
Persistent link: https://www.econbiz.de/10010697286
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Risk and Inequality Aversion in Social Dilemmas.
Magdalou, Brice; Dubois, Dimitri; Nguyen-Van, Phu - Development and Policies Research Center (Depocen) - 2009
We experimentally investigate cooperative behavior in a social dilemma situation, where the socially efficient outcome may be encouraged by risk aversion and/or inequality aversion.The first part of our experiment is devoted to the elicitation of subjects' aversion profile, taking care to not...
Persistent link: https://www.econbiz.de/10004968671
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Beyond Markowitz : A Comprehensive Wealth Allocation Framework for Individual Investors
Chhabra, Ashvin B. - 2006
In sharp contrast to the recommendations of Modern Portfolio Theory (MPT), a vast majority of investors are not well … diversified. This neglect of diversification is seen across all wealth segments, including the affluent. This paper attempts to … to also include the concepts of Personal Risk and Aspirational Goals. The Wealth Allocation Framework enables individual …
Persistent link: https://www.econbiz.de/10012779554
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Analysis of the Factors that influence the financial literacy of young people studying in higher education
Alexandra Luksander, Dániel Béres, Katalin Huzdik, … - In: Public Finance Quarterly 59 (2014) 2, pp. 220-241
Financial literacy and the need to improve it are getting more attention as a result of the economic crisis. The effectiveness of the programmes that target the improvement of financial literacy depends on knowing what factors influence people’s financial knowledge. This is exactly the reason...
Persistent link: https://www.econbiz.de/10010939260
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Financial Literacy and Macro-economics
Béres, Dániel; Huzdik, Katalin - In: Public Finance Quarterly 57 (2012) 3, pp. 298-312
Financial literacy, moving to the forefront on account of the economic crisis, is a crucial element of the proper functioning of any society. Our goal is to identify the indicators of financial literacy in topic-related Hungarian and international literature which can then be used to draw...
Persistent link: https://www.econbiz.de/10010614488