A critical perspective on the conceptualization of risk in behavioral and experimental finance

Felix Holzmeister, Christoph Huber and Stefan Palan ()

Chapter 30 in Handbook of Experimental Finance, 2022, pp 408-413 from Edward Elgar Publishing

Abstract: Risk is one of the key aspects in financial decision-making and therefore an integral part of the behavioral economics and finance literature. Focusing on the conceptualization of "risk," which researchers in various fields have addressed from numerous angles, this comment aims to offer a critical perspective on the interactions between risk preferences (a latent trait), risk perceptions (how individuals judge whether something is risky), and risktaking behavior as distinct concepts, and hence to guide future research on individual-level decision-making processes under risk.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.elgaronline.com/view/edcoll/9781800372337/9781800372337.00037.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Related works:
Working Paper: A Critical Perspective on the Conceptualization of Risk in Behavioral and Experimental Finance (2021)
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:elg:eechap:20035_30

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().