An Empirical Study on Psychological Motives for Individuals’ Risk Mitigating Strategies

Sibel Dinç Aydemir and Selim Aren
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Sibel Dinç Aydemir: Gebze Technical University
Selim Aren: Yıldız Technical University

Journal of Finance Letters (Maliye ve Finans Yazıları), 2016, vol. 31, issue 105, 75-92

Abstract: BDue to their increasing responsibility in risk mitigating strategies, understanding motives for insurance preferences is more important than before. This study aims to explore anxiety, locus of control (LoC), type A, sensation seeking and financial risk tolerance (FRT)’s role on insurance preferences. Results indicate that (a) anxiety and LoC as significant on type a personality, (b) type a and sensation seeking as notable on FRT and (c) FRT as important on insurance preferences.

Keywords: locus of control; sensation seeking; type a perso¬nality; financial risk tolerance; insurance preference (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:acc:malfin:v:31:y:2016:i:105:p:75-92

DOI: 10.33203/mfy.312134

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