Chen, Biwei; Giannikos, Christos; Lou, Jun - In: Journal of risk and financial management : JRFM 16 (2023) 1, pp. 1-10
We study the impact of financial literacy on financial risk preference. When financial literacy is measured jointly by actual and self-assessed scores, we find compelling evidence of a valley-shaped relationship between actual financial literacy and risk preference. At a given level of...