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An Empirical Study on Psychological Motives for Individuals’ Risk Mitigating Strategies

Author

Listed:
  • Sibel Dinç Aydemir

    (Gebze Technical University)

  • Selim Aren

    (Yıldız Technical University)

Abstract

BDue to their increasing responsibility in risk mitigating strategies, understanding motives for insurance preferences is more important than before. This study aims to explore anxiety, locus of control (LoC), type A, sensation seeking and financial risk tolerance (FRT)’s role on insurance preferences. Results indicate that (a) anxiety and LoC as significant on type a personality, (b) type a and sensation seeking as notable on FRT and (c) FRT as important on insurance preferences.

Suggested Citation

  • Sibel Dinç Aydemir & Selim Aren, 2016. "An Empirical Study on Psychological Motives for Individuals’ Risk Mitigating Strategies," Journal of Finance Letters (Maliye ve Finans Yazıları), Maliye ve Finans Yazıları Yayıncılık Ltd. Şti., vol. 31(105), pages 75-92, April.
    • Handle: RePEc:acc:malfin:v:31:y:2016:i:105:p:75-92
    DOI: https://doi.org/10.33203/mfy.312134
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    References listed on IDEAS

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