Risk Tolerance in Financial Decision Making

2010-12-03

PDF Risk Tolerance in Financial Decision Making Download

Author: C. Lucarelli
Publisher: Springer
ISBN: 023030382X
Category : Business & Economics
Languages : en
Pages : 269

This book sheds light on the emotional side of risk taking behaviour using an innovative cross-disciplinary approach, mixing financial competences with psychology and affective neuroscience. In doing so, it shows the implications for market participants and regulators in terms of transparency and communication between intermediaries and customers.

Tolerance and Risk

2021-09-07

PDF Tolerance and Risk Download

Author: Mitra Rastegar
Publisher: U of Minnesota Press
ISBN: 1452966761
Category : Religion
Languages : en
Pages : 291

How apparently positive representations of Muslims in U.S. media cast Muslims as a racial population Portrayals of Muslims as the beneficiaries of liberal values have contributed to the racialization of Muslims as a risky population since the September 11 attacks. These discourses, which hold up some Muslims as worthy of tolerance or sympathy, reinforce an unstable good Muslim/bad Muslim binary where any Muslim might be moved from one side to the other. In Tolerance and Risk, Mitra Rastegar explores these discourses as a component of the racialization of Muslims—where Muslims are portrayed as a highly diverse population that nevertheless is seen to contain within it a threat that requires constant vigilance. Tolerance and Risk brings together several case studies to examine the interrelation of representations of Muslims abroad and in the United States. These include human-interest stories and opinion polls of Muslim Americans, media representations of education activist Malala Yousafzai, LGBTQ activist discourses, local New York controversies surrounding Muslim-led public projects, and social media discourses of the Syrian refugee crisis. Tolerance and Risk demonstrates how representations of tolerable or sympathetic Muslims produce them as a population with distinct characteristics, capacities, and risks, and circulate standards by which the trustworthiness or threat of individual Muslims must be assessed. Tolerance and Risk examines the ways that discourses of liberal rights, including feminist and LGBTQ rights discourses, are mobilized to racialize Muslims as uncivilized, even as they garner sympathy and identification with some Muslims.

Risk Profiling and Tolerance: Insights for the Private Wealth Manager

2018-05-01

PDF Risk Profiling and Tolerance: Insights for the Private Wealth Manager Download

Author: Joachim Klement
Publisher: CFA Institute Research Foundation
ISBN: 1944960473
Category : Business & Economics
Languages : en
Pages : 154

If risk aversion and willingness to take on risk are driven by emotions and we as humans are bad at correctly identifying them, the finance profession has a serious challenge at hand—how to reliably identify the individual risk profile of a retail investor or high-net-worth individual. In this series of CFA Institute Research Foundation briefs, we have asked academics and practitioners to summarize the current state of knowledge about risk profiling in different key areas.

Financial Risk Tolerance: A Psychometric Review

2017-06-30

PDF Financial Risk Tolerance: A Psychometric Review Download

Author: John E. Grable
Publisher: CFA Institute Research Foundation
ISBN: 1944960201
Category : Business & Economics
Languages : en
Pages : 20

This content provides financial analysts, investment professionals, and financial planners with a review of how financial risk-tolerance tests can and should be evaluated. It begins by clarifying terms related to risk taking and is followed by a broad overview of two important measurement terms: validity and reliability. It concludes with examples for practice.

Handbook of Consumer Finance Research

2016-05-30

PDF Handbook of Consumer Finance Research Download

Author: Jing Jian Xiao
Publisher: Springer
ISBN: 3319288873
Category : Psychology
Languages : en
Pages : 376

This second edition of the authoritative resource summarizes the state of consumer finance research across disciplines for expert findings on—and strategies for enhancing—consumers’ economic health. New and revised chapters offer current research insights into familiar concepts (retirement saving, bankruptcy, marriage and finance) as well as the latest findings in emerging areas, including healthcare costs, online shopping, financial therapy, and the neuroscience behind buyer behavior. The expanded coverage also reviews economic challenges of diverse populations such as ethnic groups, youth, older adults, and entrepreneurs, reflecting the ubiquity of monetary issues and concerns. Underlying all chapters is the increasing importance of financial literacy training and other large-scale interventions in an era of economic transition. Among the topics covered: Consumer financial capability and well-being. Advancing financial literacy education using a framework for evaluation. Financial coaching: defining an emerging field. Consumer finance of low-income families. Financial parenting: promoting financial self-reliance of young consumers. Financial sustainability and personal finance education. Accessibly written for researchers and practitioners, this Second Edition of the Handbook of Consumer Finance Research will interest professionals involved in improving consumers’ fiscal competence. It also makes a worthwhile text for graduate and advanced undergraduate courses in economics, family and consumer studies, and related fields.

Measuring and Managing Information Risk

2014-08-23

PDF Measuring and Managing Information Risk Download

Author: Jack Freund
Publisher: Butterworth-Heinemann
ISBN: 0127999329
Category : Computers
Languages : en
Pages : 408

Using the factor analysis of information risk (FAIR) methodology developed over ten years and adopted by corporations worldwide, Measuring and Managing Information Risk provides a proven and credible framework for understanding, measuring, and analyzing information risk of any size or complexity. Intended for organizations that need to either build a risk management program from the ground up or strengthen an existing one, this book provides a unique and fresh perspective on how to do a basic quantitative risk analysis. Covering such key areas as risk theory, risk calculation, scenario modeling, and communicating risk within the organization, Measuring and Managing Information Risk helps managers make better business decisions by understanding their organizational risk. Uses factor analysis of information risk (FAIR) as a methodology for measuring and managing risk in any organization. Carefully balances theory with practical applicability and relevant stories of successful implementation. Includes examples from a wide variety of businesses and situations presented in an accessible writing style.

Investor Behavior

2014-02-10

PDF Investor Behavior Download

Author: H. Kent Baker
Publisher: John Wiley & Sons
ISBN: 1118492986
Category : Business & Economics
Languages : en
Pages : 645

WINNER, Business: Personal Finance/Investing, 2015 USA Best Book Awards FINALIST, Business: Reference, 2015 USA Best Book Awards Investor Behavior provides readers with a comprehensive understanding and the latest research in the area of behavioral finance and investor decision making. Blending contributions from noted academics and experienced practitioners, this 30-chapter book will provide investment professionals with insights on how to understand and manage client behavior; a framework for interpreting financial market activity; and an in-depth understanding of this important new field of investment research. The book should also be of interest to academics, investors, and students. The book will cover the major principles of investor psychology, including heuristics, bounded rationality, regret theory, mental accounting, framing, prospect theory, and loss aversion. Specific sections of the book will delve into the role of personality traits, financial therapy, retirement planning, financial coaching, and emotions in investment decisions. Other topics covered include risk perception and tolerance, asset allocation decisions under inertia and inattention bias; evidenced based financial planning, motivation and satisfaction, behavioral investment management, and neurofinance. Contributions will delve into the behavioral underpinnings of various trading and investment topics including trader psychology, stock momentum, earnings surprises, and anomalies. The final chapters of the book examine new research on socially responsible investing, mutual funds, and real estate investing from a behavioral perspective. Empirical evidence and current literature about each type of investment issue are featured. Cited research studies are presented in a straightforward manner focusing on the comprehension of study findings, rather than on the details of mathematical frameworks.

Multi-objective Decision Analysis

2013-03-28

PDF Multi-objective Decision Analysis Download

Author: Clinton W. Brownley
Publisher: Business Expert Press
ISBN: 1606494538
Category : Business & Economics
Languages : en
Pages : 172

Whether managing strategy, operations or products, knowing how to make the best decision in a complex, uncertain business environment is difficult. You might be faced with multiple, competing objectives, which means making trade-offs. To complicate matters, any uncertainty makes it hard to explicitly understand how different objectives will impact potential outcomes. This book will help you face these problems. It provides a decision analysis framework implemented as a simple spreadsheet tool. This multi-objective decision analysis framework helps you to measure trade-offs among objectives and incorporate uncertainties and risk preferences. With this book, you will be able to identify what information is needed to make a decision, define how that information should be combined, and, finally, provide quantifiable evidence to clearly communicate and justify the decision. The process involves minimal overhead and is perfect for busy professionals who need a simple, structured process for making, tracking, and communicating decisions. This process makes decision making more efficient by focusing only on information and factors that are well-defined, measureable, and relevant to the decision at hand. The framework requires clear characterization of a decision, ensuring that it can be traced and is consistent with the intended objectives and organizational values. Using this structured decision-making framework, anyone can consistently make better decisions to gain competitive and strategic advantage.

Risk Tolerance and Circumstances

2018

PDF Risk Tolerance and Circumstances Download

Author: Elke U. Weber
Publisher: CFA Institute Research Foundation
ISBN: 1944960406
Category : Business & Economics
Languages : en
Pages :

An investor’s risk attitude is a stable characteristic, like a personality trait, but risk-taking behavior can change based on the investor’s age, recent market events, and life experiences. These factors change investors’ perceptions of the risks. Differences in risk tolerance between men and women or in different circumstances trace back to emotional as much as rational considerations. Financial advisers should consider all of these factors when advising clients and can use four simple steps to incorporate best practices: be aware, educate, nudge, and hand hold.

Handbook of Research on New Challenges and Global Outlooks in Financial Risk Management

2022-01-14

PDF Handbook of Research on New Challenges and Global Outlooks in Financial Risk Management Download

Author: Madaleno, Mara
Publisher: IGI Global
ISBN: 1799886115
Category : Business & Economics
Languages : en
Pages : 470

Risk affects many different companies, industries, and institutions, and the COVID-19 pandemic has caused more challenges than before to arise. In the wake of these new challenges, new risk management strategies must arise. Risk affects many companies differently, though in the aftermath of a global pandemic, similar management strategies may be adapted to maintain a flourishing business. Financial risk management has become increasingly important in the last years, and a profound understanding of this subject is vital. The Handbook of Research on New Challenges and Global Outlooks in Financial Risk Management discusses the financial instruments firms use to manage the difference kinds of financial risks and risk management practices in a variety of different countries. This book offers an international focus of risk management, comparing different practices from all over the world. Covering topics such as bank stability, environmental assets, and perceived risk theory, this book is a valuable research source for regulatory authorities, accountants, managers, academicians, students, researchers, graduate students, researchers, faculty, and practitioners.