Biased or Unbiased Risk Tolerance in Financial Decision Making

Caterina Lucarelli and Gianni Brighetti

Chapter 14 in New Issues in Financial and Credit Markets, 2010, pp 184-199 from Palgrave Macmillan

Abstract: Abstract This paper focuses on the risk tolerance which clearly influences financial decision making. We investigated the emotional side of risk-taking behaviour, identifying subjective obstacles to the individual ability taking conscious investment and debt decisions. We used an empirical cross-disciplinary approach, combining financial competences with others from psychology and affective neuroscience. We present descriptive results from a sample of 176 individuals with different levels of financial education/competence. Some of them are traders who attended the 2008-Borsa Italiana-Trading-Expo, and some others are bank customers and bankers.

Keywords: Risk Perception; Credit Market; Risk Tolerance; Skin Conductance Response; Iowa Gambling Task (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-30218-1_15

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DOI: 10.1057/9780230302181_15

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