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Biased or Unbiased Risk Tolerance in Financial Decision Making

In: New Issues in Financial and Credit Markets

Author

Listed:
  • Caterina Lucarelli
  • Gianni Brighetti

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.

Suggested Citation

  • Caterina Lucarelli & Gianni Brighetti, 2010. "Biased or Unbiased Risk Tolerance in Financial Decision Making," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Franco Fiordelisi & Philip Molyneux & Daniele Previati (ed.), New Issues in Financial and Credit Markets, chapter 14, pages 184-199, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-0-230-30218-1_15
    DOI: 10.1057/9780230302181_15
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    Cited by:

    1. Jimnee Deka & Meghna Sharma & Nishant Agarwal & Kamesh Tiwari, 2023. "Linking ESG-Investing Consciousness, Behavioral Biases, and Risk-Perception: Scale Validation with Specifics of Indian Retail Investors," European Journal of Business Science and Technology, Mendel University in Brno, Faculty of Business and Economics, vol. 9(1), pages 70-91.

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