Risk Tolerance and Demographic Characteristics: Preliminary Irish Evidence
Brian M. Lucey
Trinity College, Dublin - School of Business; University of Dublin - Institute for International Integration Studies (IIIS); Glasgow Caledonian University - Division of Accounting & Finance
University of Dublin - School of Business Studies
Charles James Larkin
Trinity College Dublin; Cardiff Metropolitan University
September 13, 2012
We examine by means of a survey of Irish adults the extent of financial risk tolerance in Irish adults. We administer the Grable & Lytton 13 item risk tolerance instrument, and find a number of stylized facts 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.
Number of Pages in PDF File: 28
Keywords: Risk, survey, financial risk, Ireland
JEL Classification: C83, D14, D81, G02working papers series
Date posted: December 7, 2011 ; Last revised: September 13, 2012
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