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Risk Tolerance and Demographic Characteristics: Preliminary Irish Evidence

Author

Listed:
  • Brian Lucey

    (Institute for International Integration Studies, Trinity College Dublin)

  • Charles Larkin

    (Cardiff Metropolitan universityAuthor-Name: Megan Mulholland
    Trinity college Dublin)

Abstract

We examine by means of a survey and subsequent statistical analysis the extent of financial risk tolerance in Irish adults. We administer the (J. Grable & Lytton, 1999) 13 item risk tolerance instrument, and find confirmed a number of stylized facts found elsewhere on age, gender and education levels and their impact on risk tolerance. This is to our knowledge the first comprehensive survey of Irish adults on their risk tolerance.

Suggested Citation

  • Brian Lucey & Charles Larkin, 2012. "Risk Tolerance and Demographic Characteristics: Preliminary Irish Evidence," The Institute for International Integration Studies Discussion Paper Series iiisdp406, IIIS.
    • Handle: RePEc:iis:dispap:iiisdp406
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    References listed on IDEAS

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    Cited by:

    1. Anbar, Adem & Eker, Melek, 2019. "The Effect of Sociodemographic Variables and Love of Money on Financial Risk Tolerance of Bankers," Business and Economics Research Journal, Uludag University, Faculty of Economics and Administrative Sciences, vol. 10(4), pages 855-866, July.
    2. M Kannadhasan & S Aramvalarthan & S K Mitra & Vinay Goyal, 2016. "Relationship between Biopsychosocial Factors and Financial Risk Tolerance: An Empirical Study," Vikalpa: The Journal for Decision Makers, , vol. 41(2), pages 117-131, June.
    3. Zandri Koekemoer, 2019. "The influence of the level of education on investors risk tolerance level," Proceedings of Economics and Finance Conferences 9511449, International Institute of Social and Economic Sciences.

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