How Do Wealth and Time Horizon Affect Investors’ Risk Tolerance? Evidence From the Field

Using field data from a FinTech firm (N=15,241), I examine how monetary factors such as absolute and relative wealth and temporal factors such as investment time horizon and age (along with control variables) affect risk tolerance. Both temporal and monetary factors affect risk aversion in the gain domain.



Citation:

Ethan Pew (2017) ,"How Do Wealth and Time Horizon Affect Investors’ Risk Tolerance? Evidence From the Field", in NA - Advances in Consumer Research Volume 45, eds. Ayelet Gneezy, Vladas Griskevicius, and Patti Williams, Duluth, MN : Association for Consumer Research, Pages: 281-285.

Authors

Ethan Pew, Stony Brook University, USA



Volume

NA - Advances in Consumer Research Volume 45 | 2017



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