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Differences in husbands' and wives' tolerance for financial risk were analyzed, including an investigation of demographic variables previously found to be significant between men and women in predicting financial risk tolerance. The sample consisted of 110 couples who completed a web-based...
Persistent link: https://www.econbiz.de/10013085790
The assessment of financial risk tolerance, as a tool for managing expectations of portfolio volatility, is essential to goal attainment. This study compares two empirical measures of risk tolerance and separately examines the association between these measures of risk tolerance and asset...
Persistent link: https://www.econbiz.de/10013102220
A person's estimation of their risk tolerance, defined as the willingness to engage in financial activity whose outcome is uncertain, plays an important role in nearly all household financial decisions (Duda, Bruhin, Epper, & Schubert, 2010). Fewer errors would be observed in financial decisions...
Persistent link: https://www.econbiz.de/10013102222
The assessment of financial risk tolerance, as a tool for managing expectations of portfolio volatility, is essential to goal attainment. This study compares two empirical measures of risk tolerance and separately examines the association between these measures of risk tolerance and asset...
Persistent link: https://www.econbiz.de/10013090985
A sustainable standard of living at retirement is an issue of great importance for most retirees and is certainly a major consideration in the allocation of client portfolios for private wealth managers. This study uses past equity returns and a thirty year rolling average forecasting method to...
Persistent link: https://www.econbiz.de/10008563126
This study intends to investigate the extent and dynamics of financial advisory services, and their relationship to changes in the different financial assets held by households' in the United States, before and after the Great Recession, using the 2007-2009 panel of Survey of Consumer Finances...
Persistent link: https://www.econbiz.de/10012911374
The effect of a financial management intervention on college students' financial behavior was examined. The intervention strategy, a form of expenditure tracking, focused on consciousness-raising and was implemented among 170 undergraduate students. Qualitative analysis of participants'...
Persistent link: https://www.econbiz.de/10013011245
Many college undergraduates lack basic financial management knowledge and skills while bearing ever increasing debt burdens upon graduation. In order to encourage students to become aware of their spending patterns and weigh those patterns against personal values, a self-monitoring project was...
Persistent link: https://www.econbiz.de/10013011247