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Do More Risk-Averse Investors Have Lower Net Worth and Income?


  • McInish, Thomas H
  • Ramaswami, Sridhar N
  • Srivastava, Rajendra K


This study examines the relationship between attitude toward risk and both net worth and income. The data are obtained from a financial diary kept by a national, scientifically selected sample of more than 3,000 households. Results show that both net worth and income are negatively related to risk aversion. Copyright 1993 by MIT Press.

Suggested Citation

  • McInish, Thomas H & Ramaswami, Sridhar N & Srivastava, Rajendra K, 1993. "Do More Risk-Averse Investors Have Lower Net Worth and Income?," The Financial Review, Eastern Finance Association, vol. 28(1), pages 91-106, February.
  • Handle: RePEc:bla:finrev:v:28:y:1993:i:1:p:91-106

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    Cited by:

    1. Ray, M. & Maredia, M. & Shupp, R., 2018. "Risk Preferences and Climate Smart Technology Adoption: A Duration Model Approach for India," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277502, International Association of Agricultural Economists.
    2. Eric Park & Rui Yao, 2016. "Financial Risk Attitude and Behavior: Do Planners Help Increase Consistency?," Journal of Family and Economic Issues, Springer, vol. 37(4), pages 624-638, December.
    3. Ray, Mukesh & Maredia, Mywish, 2016. "Do Smaller States Lead to More Development? Evidence from Splitting of Large States in India," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235732, Agricultural and Applied Economics Association.
    4. Ray, Mukesh K. & Maredia, Mywish K. & Shupp, Robert S., 2017. "Risk Preferences and the Pace of Climate Smart Technology Adoption: A Duration Model Approach from India," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 258255, Agricultural and Applied Economics Association.

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