EconPapers    
Economics at your fingertips  
 

Higher order risk attitudes of financial experts

Anna Bottasso (), Sébastien Duchêne, Eric Guerci, Nobuyuki Hanaki () and Charles Noussair

Journal of Behavioral and Experimental Finance, 2022, vol. 34, issue C

Abstract: The risk attitudes of market participants have an important influence on market behavior. We measure risk aversion, prudence and temperance in a sample of 173 financial experts. These experts are traders, analysts, or work in support or commercial functions in the financial industry, which routinely deals with risk. To assess their risk attitudes relative to the broader population, we compare their decisions with those of a demographically representative sample and of university students that are reported in the study of Noussair et al. (2014). The experts were more risk-seeking and intemperate than individuals in the other two groups. They were also more imprudent than students, though similarly prudent to the general population.

Keywords: Risk aversion; Prudence; Temperance; Experiment (search for similar items in EconPapers)
JEL-codes: D83 G11 G41 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S2214635022000211

Related works:
Working Paper: Higher order risk attitudes of financial experts (2022)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:beexfi:v:34:y:2022:i:c:s2214635022000211

DOI: 10.1016/j.jbef.2022.100658

Access Statistics for this article

Journal of Behavioral and Experimental Finance is currently edited by Michael Dowling and Jürgen Huber

More articles in Journal of Behavioral and Experimental Finance from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

 
Page updated 2023-02-04
Handle: RePEc:eee:beexfi:v:34:y:2022:i:c:s2214635022000211