Risk Tolerance Estimation Bias: The Age Effect

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dc.contributor.author Grable, John E.
dc.contributor.author McGill, Samantha
dc.contributor.author Britt, Sonya L.
dc.date.accessioned 2010-09-01T19:54:06Z
dc.date.available 2010-09-01T19:54:06Z
dc.date.issued 2010-09-01T19:54:06Z
dc.identifier.uri http://hdl.handle.net/2097/4762
dc.description.abstract Older individuals are generally assumed to be less risk tolerant compared to others. The purpose of this research was to test how accurately working adults at different ages in the lifespan estimate their risk-taking propensity. Differential predictions, using ANOVA and regression analyses, were assessed. Findings suggest that younger working adults tend to over-estimate their risk tolerance compared to older working adults. Although those in middle-age were shown to under-estimate their risk tolerance compared to the youngest working adults, the results were not significant. A discussion of findings is presented with the proposition that over- and under-estimation of risk tolerance might help explain the types of risk-taking behaviors engaged in by individuals over time. en_US
dc.relation.uri http://www.CluteInstitute.com en_US
dc.subject Risk tolerance en_US
dc.subject Estimation bias en_US
dc.subject Differential prediction en_US
dc.title Risk Tolerance Estimation Bias: The Age Effect en_US
dc.type Article (author version) en_US
dc.date.published 2009 en_US
dc.citation.epage 12 en_US
dc.citation.issue 7 en_US
dc.citation.jtitle Journal of Business & Economics Research en_US
dc.citation.spage 1 en_US
dc.citation.volume 7 en_US
dc.contributor.authoreid jgrable en_US
dc.contributor.authoreid sbritt en_US

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