IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

A longitudinal perspective on financial risk tolerance: rank-order and mean level stability

Listed author(s):
  • Michael J. Roszkowski
  • David M. Cordell
Registered author(s):

    We examined the temporal stability of financial risk tolerance in a sample of 36 students enrolled in an undergraduate financial planning program who had taken the test on the same day but took the retest anywhere from 269 days to 814 days later. Relative stability was around .56 after a period averaging about a year and .65 after a period averaging close to a year and a half. The test-retest correlation was .61 for the 26 cases where the test and retest occurred within a narrow range of 269 days to 288 days. In terms of absolute stability, there was an increase of about four points within the shorter time span and eight points under the longer duration. The reason for the increase is not clear. The relative stability of financial risk tolerance is comparable to other traits, suggesting that it is not as transitory as some have thought it to be.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Article provided by Inderscience Enterprises Ltd in its journal Int. J. of Behavioural Accounting and Finance.

    Volume (Year): 1 (2009)
    Issue (Month): 2 ()
    Pages: 111-134

    in new window

    Handle: RePEc:ids:ijbeaf:v:1:y:2009:i:2:p:111-134
    Contact details of provider: Web page:

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:ids:ijbeaf:v:1:y:2009:i:2:p:111-134. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Darren Simpson)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.