Risk Tolerance And Goals Based Savings Behavior Of Households
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Risk Tolerance And Goals Based Savings Behavior Of Households
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Author : Swarn Chatterjee
language : en
Publisher:
Release Date : 2017
Risk Tolerance And Goals Based Savings Behavior Of Households written by Swarn Chatterjee and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with categories.
This study uses a national dataset to examine the association among risk tolerance, financial literacy, and goals-based savings behavior of households. The results indicate that three out of five households do not have any emergency funds set aside, and about half the households have not calculated how much money they will need for retirement. However, both financial literacy and risk tolerance are associated with goals-based savings behavior, such as saving for emergencies, and planning for retirement among households. Implications for policy makers, scholars, and researchers in the area of behavioral economics and household finance are included.
Financial Risk Tolerance A Psychometric Review
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Author : John E. Grable
language : en
Publisher: CFA Institute Research Foundation
Release Date : 2017-06-30
Financial Risk Tolerance A Psychometric Review written by John E. Grable and has been published by CFA Institute Research Foundation this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-06-30 with Business & Economics categories.
This content provides financial analysts, investment professionals, and financial planners with a review of how financial risk-tolerance tests can and should be evaluated. It begins by clarifying terms related to risk taking and is followed by a broad overview of two important measurement terms: validity and reliability. It concludes with examples for practice.
Risk Profiling And Tolerance Insights For The Private Wealth Manager
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Author : Joachim Klement
language : en
Publisher: CFA Institute Research Foundation
Release Date : 2018-05-01
Risk Profiling And Tolerance Insights For The Private Wealth Manager written by Joachim Klement and has been published by CFA Institute Research Foundation this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-05-01 with Business & Economics categories.
If risk aversion and willingness to take on risk are driven by emotions and we as humans are bad at correctly identifying them, the finance profession has a serious challenge at hand—how to reliably identify the individual risk profile of a retail investor or high-net-worth individual. In this series of CFA Institute Research Foundation briefs, we have asked academics and practitioners to summarize the current state of knowledge about risk profiling in different key areas.
Dissertation Exchange Traded Fund Savings Plans As Old Age Provision Tool In Germany
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Author : Dr. Norman Ubber
language : en
Publisher: Dr. Norman Ubber
Release Date :
Dissertation Exchange Traded Fund Savings Plans As Old Age Provision Tool In Germany written by Dr. Norman Ubber and has been published by Dr. Norman Ubber this book supported file pdf, txt, epub, kindle and other format this book has been release on with Business & Economics categories.
Future German pensioners will face a pension gap in retirement age if they base their income exclusively on the statutory pension. Conventional private pension alternatives are not lucrative, but they are still the most widely used. Exchange-traded funds (ETFs) have features that make them particularly attractive for pension provision. The aim of this dissertation is to discover which factors influence the acceptance formation process and thus the usage of ETFs. Therefore, a model is developed that is based conceptually on the widely known technology acceptance model (TAM) and theoretically on the results of a comprehensive literature analysis, which summarises already identified obstacles within old-age provision. This model is then tested using an online survey on future German pensioners aged between 19 and 59 years (n=615). The descriptive statistics are then calculated for the recorded data, and subsequently, the relationships within the variable model are analysed for significant dependencies. The results show that the assumed external variables have an influence on the acceptance of ETFs. In particular, the variable of financial literacy as an indicator of a person’s general financial knowledge turns out to be of overriding importance within the acceptance formation process. Furthermore, the results show that the use of an ETF is well recognised, but that it is still too complex to obtain information or acquire an ETF, which ultimately hampers acceptance formation, and thus the use. Finally, two concepts are developed that would have a positive influence on acceptance in different ways; they focus on different variables and behavioural patterns that still act as obstacles, thereby increasing the overall use of ETFs in Germany.
The Impact Of Financial Literacy On Investment Decisions
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Author : Dr. Pradeep K. Gupta
language : en
Publisher: Ashok Yakkaldevi
Release Date : 2021-10-30
The Impact Of Financial Literacy On Investment Decisions written by Dr. Pradeep K. Gupta and has been published by Ashok Yakkaldevi this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-10-30 with Art categories.
The financial system plays a vital role in the growth and development of the economy. The evolution of financial market economies has been dramatically broadening the opportunities to consumers and investors, business houses, policymakers and the economy of a country. The growing innovations and increasing complexity of financial products over the past decade have put enormous pressure and responsibilities on shoulders of financial investors. Financial Literacy is must to understand return and risk attached to these products. Financial literacy enables an individual to gain a better understanding of financial instruments and the risk and return involved in investment at various avenues. The financial literacy helps to overcome problems relating to personal finance such as savings, borrowings, investments, retirement planning, etc. The Organization for Economic Co-operation and Development (OECD) has defined financial literacy as “a combination of awareness, knowledge, skill, attitude and behaviour necessary to make sound financial decisions and ultimately achieve individual well-being”.
Risk Profiling Through A Behavioral Finance Lens
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Author : Michael Pompian
language : en
Publisher: CFA Institute Research Foundation
Release Date : 2016-03-03
Risk Profiling Through A Behavioral Finance Lens written by Michael Pompian and has been published by CFA Institute Research Foundation this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-03-03 with Business & Economics categories.
This piece examines risk profiling through a behavioral finance lens. Behavioral finance attempts to understand and explain actual investor behavior, in contrast to theorizing about investor behavior. It differs from traditional (or standard) finance, which is based on assumptions of how investors and markets should behave. Much has been written about the tension that exists between the willingness to take risk and the ability to take risk. Risk appetite is the willingness to take risk and risk capacity is the ability to take risk. In the behavioral context, risk appetite and risk capacity are defined in terms of known risks and unknown risks. Irrational client behavior often occurs when a client experiences unknown risks. To aid in the advisory process, advisors can use Behavioral Investor Types to help make rapid yet insightful assessments of what type of investor they are dealing with before recommending an investment plan. With a better understanding of behavioral finance vis-à-vis risk taking, practitioners can enhance their understanding of client preferences and better inform their recommendations of investment strategies and products.
Investor Behavior
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Author : H. Kent Baker
language : en
Publisher: John Wiley & Sons
Release Date : 2014-02-10
Investor Behavior written by H. Kent Baker and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-02-10 with Business & Economics categories.
WINNER, Business: Personal Finance/Investing, 2015 USA Best Book Awards FINALIST, Business: Reference, 2015 USA Best Book Awards Investor Behavior provides readers with a comprehensive understanding and the latest research in the area of behavioral finance and investor decision making. Blending contributions from noted academics and experienced practitioners, this 30-chapter book will provide investment professionals with insights on how to understand and manage client behavior; a framework for interpreting financial market activity; and an in-depth understanding of this important new field of investment research. The book should also be of interest to academics, investors, and students. The book will cover the major principles of investor psychology, including heuristics, bounded rationality, regret theory, mental accounting, framing, prospect theory, and loss aversion. Specific sections of the book will delve into the role of personality traits, financial therapy, retirement planning, financial coaching, and emotions in investment decisions. Other topics covered include risk perception and tolerance, asset allocation decisions under inertia and inattention bias; evidenced based financial planning, motivation and satisfaction, behavioral investment management, and neurofinance. Contributions will delve into the behavioral underpinnings of various trading and investment topics including trader psychology, stock momentum, earnings surprises, and anomalies. The final chapters of the book examine new research on socially responsible investing, mutual funds, and real estate investing from a behavioral perspective. Empirical evidence and current literature about each type of investment issue are featured. Cited research studies are presented in a straightforward manner focusing on the comprehension of study findings, rather than on the details of mathematical frameworks.
Handbook Of Behavioral Economics Foundations And Applications 1
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Author :
language : en
Publisher: Elsevier
Release Date : 2018-09-27
Handbook Of Behavioral Economics Foundations And Applications 1 written by and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-09-27 with Business & Economics categories.
Handbook of Behavioral Economics: Foundations and Applications presents the concepts and tools of behavioral economics. Its authors are all economists who share a belief that the objective of behavioral economics is to enrich, rather than to destroy or replace, standard economics. They provide authoritative perspectives on the value to economic inquiry of insights gained from psychology. Specific chapters in this first volume cover reference-dependent preferences, asset markets, household finance, corporate finance, public economics, industrial organization, and structural behavioural economics. This Handbook provides authoritative summaries by experts in respective subfields regarding where behavioral economics has been; what it has so far accomplished; and its promise for the future. This taking-stock is just what Behavioral Economics needs at this stage of its so-far successful career. Helps academic and non-academic economists understand recent, rapid changes in theoretical and empirical advances within behavioral economics Designed for economists already convinced of the benefits of behavioral economics and mainstream economists who feel threatened by new developments in behavioral economics Written for those who wish to become quickly acquainted with behavioral economics
Handbook Of Consumer Finance Research
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Author : Jing Jian Xiao
language : en
Publisher: Springer
Release Date : 2016-05-30
Handbook Of Consumer Finance Research written by Jing Jian Xiao and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-05-30 with Psychology categories.
This second edition of the authoritative resource summarizes the state of consumer finance research across disciplines for expert findings on—and strategies for enhancing—consumers’ economic health. New and revised chapters offer current research insights into familiar concepts (retirement saving, bankruptcy, marriage and finance) as well as the latest findings in emerging areas, including healthcare costs, online shopping, financial therapy, and the neuroscience behind buyer behavior. The expanded coverage also reviews economic challenges of diverse populations such as ethnic groups, youth, older adults, and entrepreneurs, reflecting the ubiquity of monetary issues and concerns. Underlying all chapters is the increasing importance of financial literacy training and other large-scale interventions in an era of economic transition. Among the topics covered: Consumer financial capability and well-being. Advancing financial literacy education using a framework for evaluation. Financial coaching: defining an emerging field. Consumer finance of low-income families. Financial parenting: promoting financial self-reliance of young consumers. Financial sustainability and personal finance education. Accessibly written for researchers and practitioners, this Second Edition of the Handbook of Consumer Finance Research will interest professionals involved in improving consumers’ fiscal competence. It also makes a worthwhile text for graduate and advanced undergraduate courses in economics, family and consumer studies, and related fields.
Investment Risk Profiling
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Author : Amy Hubble
language : en
Publisher:
Release Date : 2020
Investment Risk Profiling written by Amy Hubble and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with categories.