IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article or follow this journal

Una proposta di revisione dei questionari per la profilatura della cientela

  • Enrico Maria Cervellati

    (University of Bologna, LUISS Guido Carli)

  • Filippo Parrella

    (University of Perugia)

  • Marco Spallone

    ()

    (Gabriele D'Annunzio University of Chieti and Pescara, LUISS Guido Carli, CASMEF)

This paper is aimed at proposing a review of the questionnaires currently employed in Italy to assess personal financial profiles of retail investors. In fact, current questionnaires are neither an effective strategic tool for intermediaries nor a reliable customer protection device for clients: in particular, risk preferences are not properly elicited and behavioral issues are not evaluated at all. Our proposal is to review questionnaires taking into the right consideration the scientific achievements of both experimental economics (in terms of elicitation of risk preferences) and behavioral finance (in terms of identification and correction of nonmonetary distortions): our view is that questionnaires should start from the elicitation of individual risk preferences (through the implementation of scientifically certified procedures), then they should be able to control for financial capacity, behavioral distortions, and financial knowledge (through the introduction of selected questions widely used in recent scientific contributions). So, the main contribution of the paper is methodological: actually, it points out a set of open issues to be tackled in order to build a synthetic indicator for clustering investors according to their risk profiles and suggests plausible solutions.

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: http://rivistabancaria.it/Articoli/una-proposta-di-revisione-dei-questionari-la-profilatura-della-clientela
Download Restriction: Full text for Rivista Bancaria subscribers only

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 Istituto di Cultura Bancaria Francesco Parrillo in its journal Rivista Bancaria - Minerva Bancaria.

Volume (Year): (2013)
Issue (Month): 1-2 (May)
Pages:

as
in new window

Handle: RePEc:rvs:bancar:13_1-2_2
Contact details of provider:

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:rvs:bancar:13_1-2_2. 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: (Stefano Marzioni)

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.