Rui Yao

University of Missouri at Columbia - Department of Personal Finance Planning

Associate Professor

239 Stanley Hall

Columbia, MO 65211-7700

United States

http://pfp.missouri.edu/faculty_yao.html

SCHOLARLY PAPERS

27

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CITATIONS
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Top 8,651

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92

Scholarly Papers (27)

An Analysis of Risk Assessment Questions Based on Loss-Averse Preferences

Journal of Financial Counseling and Planning, 2015
Number of pages: 31 Posted: 18 Feb 2014 Last Revised: 21 Apr 2015
Texas Tech University - Department of Personal Financial Planning, University of Missouri at Columbia - Department of Personal Finance Planning and Texas Tech University
Downloads 324 (91,433)

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loss aversion, portfolio allocation, questionnaire, risk tolerance, skin conductance response

An Analysis of Risk Assessment Questions Based on Loss-Averse Preferences

Guillemette, M. A., Yao, R., & James, R. N. (2015). An analysis of risk assessment questions based on loss-averse preferences. Journal of Financial Counseling and Planning, 26(1), 17-29.
Number of pages: 31 Posted: 03 Mar 2016
Texas Tech University - Department of Personal Financial Planning, University of Missouri at Columbia - Department of Personal Finance Planning and Texas Tech University
Downloads 31 (471,694)
Citation 1

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loss aversion, portfolio allocation, questionnaire, risk tolerance, skin conductance

The Financial Risk Tolerance of Blacks, Hispanics and Whites

Yao, R., Gutter, M. S. & Hanna, S. D. (2005). The financial risk tolerance of Blacks, Hispanics and Whites. Journal of Financial Counseling and Planning, 16(1), 51-62.
Number of pages: 12 Posted: 01 Mar 2016
University of Missouri at Columbia - Department of Personal Finance Planning, University of Wisconsin - Madison - School of Human Ecology and Ohio State University (OSU)
Downloads 157 (187,267)
Citation 1

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Financial Risk tolerance; Race; Ethnicity; Preferences; Survey of Consumer Finances

The Financial Risk Tolerance of Blacks, Hispanics and Whites

Journal of Financial Counseling and Planning, Vol. 16, No. 1, 2005
Number of pages: 12 Posted: 23 Apr 2013
University of Missouri at Columbia - Department of Personal Finance Planning, University of Wisconsin - Madison - School of Human Ecology and Ohio State University (OSU)
Downloads 99 (267,013)
Citation 2

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Financial Risk tolerance, Race, Ethnicity, Preferences, Survey of Consumer Finances

3.

Changes in Financial Risk Tolerance, 1983-2001

Yao, R., Hanna, S. D. & Lindamood, S. (2004). Changes in financial risk tolerance, 1983-2001. Financial Services Review, 13(4), 249-266.
Number of pages: 20 Posted: 03 Mar 2016
University of Missouri at Columbia - Department of Personal Finance Planning, Ohio State University (OSU) and Independent
Downloads 214 (141,551)
Citation 1

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individual investing, economic trends, risk tolerance, stock ownership, Survey of Consumer Finances

4.

Consumer Debt Delinquency Over Life Cycle Stages

Networks Financial Institute Working Paper No. 2011-WP-18
Number of pages: 32 Posted: 02 Aug 2011
Jing Jian Xiao and Rui Yao
University of Rhode Island and University of Missouri at Columbia - Department of Personal Finance Planning
Downloads 164 (180,176)
Citation 2

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Consumer debt, debt delinquency, life cycle behavior, Survey of Consumer Finance

5.

Market Performance and the Timing of Retirement

Yao, R., & Park, E. (2012). Market performance and the timing of retirement. Journal of Personal Finance, 11(1), 10-48.
Number of pages: 41 Posted: 02 Mar 2016
Rui Yao and Eric Park
University of Missouri at Columbia - Department of Personal Finance Planning and University of Missouri at Columbia - Department of Finance
Downloads 111 (245,072)

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Behavioral finance, Retirement behavior, Market sequencing, Projection bias, Health and Retirement Study

The Capital Accumulation Ratio as an Indicator of Retirement Adequacy

Journal of Financial Counseling and Planning, Vol. 14, No. 2, 2003
Number of pages: 11 Posted: 04 May 2013
University of Missouri at Columbia - Department of Personal Finance Planning, Ohio State University (OSU) and Ohio State University (OSU) - Department of Human Sciences
Downloads 53 (382,233)

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Retirement adequacy, Financial ratios, Capital accumulation ratio, Investments, Survey of Consumer Finances

The Capital Accumulation Ratio as an Indicator of Retirement Adequacy

Yao, R., Hanna, S. D., & Montalto, C. P. (2003). The capital accumulation ratio as an indicator of retirement adequacy. Journal of Financial Counseling and Planning, 14(2), 1-11.
Number of pages: 11 Posted: 03 Mar 2016
University of Missouri at Columbia - Department of Personal Finance Planning, Ohio State University (OSU) and Ohio State University (OSU) - Department of Human Sciences
Downloads 50 (392,528)

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Retirement adequacy, Financial ratios, Capital accumulation ratio, Investments, Survey of Consumer Finances

7.

Decomposing the Age Effect on Risk Tolerance

Yao, R., Sharpe, D. L., & Wang, F. (2011). Decomposing the age effect on risk tolerance. Journal of Socio-Economics, 40(6), 879-887.
Number of pages: 36 Posted: 02 Mar 2016
University of Missouri at Columbia - Department of Personal Finance Planning, University of Missouri at Columbia and University of Missouri at Columbia - Department of Finance
Downloads 88 (286,024)
Citation 2

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Attitudes, Generation, Period effect, Risk tolerance, Survey of Consumer Finances

8.

Factors Related to Making Investment Mistakes in a Down Market

Lei, S. & Yao, R. (2015). Factors related to making investment mistakes in a down market. Journal of Personal Finance, 14(2), 34-42.
Number of pages: 26 Posted: 03 Mar 2016
Shan Lei and Rui Yao
West Texas A&M University-Department of Accounting, Economics & Finance and University of Missouri at Columbia - Department of Personal Finance Planning
Downloads 80 (303,247)

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Behavioral bias, down market, investment behavior, recession

9.

Debt Holding and Burden by Family Structure in 1989-2007

Networks Financial Institute Working Paper 2011-WP-04
Number of pages: 30 Posted: 31 Mar 2011
Jing Jian Xiao and Rui Yao
University of Rhode Island and University of Missouri at Columbia - Department of Personal Finance Planning
Downloads 69 (329,890)
Citation 2

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Debt holding, debt trend, debt type, family structure, Survey of Consumer Finance

10.

Use of Financial Planners and Portfolio Performance

Lei, S. & Yao, R. (2015). Use of financial planners and portfolio performance. Journal of Financial Counseling and Planning, Forthcoming
Number of pages: 38 Posted: 03 Mar 2016
Shan Lei and Rui Yao
West Texas A&M University-Department of Accounting, Economics & Finance and University of Missouri at Columbia - Department of Personal Finance Planning
Downloads 61 (351,654)

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financial planning, portfolio performance, Sharpe Ratio

11.

Prior Investment Outcomes and Stock Investment in Defined Contribution Plans

Yao, R. & Lei, S. (2015). Prior investment outcomes and stock investment in defined contribution plans. Applied Economics Letters, Forthcoming.
Number of pages: 10 Posted: 03 Mar 2016
Rui Yao and Shan Lei
University of Missouri at Columbia - Department of Personal Finance Planning and West Texas A&M University-Department of Accounting, Economics & Finance
Downloads 48 (392,851)

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behavior; defined contribution plans; house money effect; prior outcome

12.

Do Market Returns Influence Risk Tolerance? Evidence from Panel Data

Yao, R. & Curl, A. L. (2011). Do market returns influence risk tolerance? Evidence from panel data. Journal of Family and Economic Issues, 32(3), 532-544.
Number of pages: 35 Posted: 02 Mar 2016
Rui Yao and Angela Curl
University of Missouri at Columbia - Department of Personal Finance Planning and University of Missouri at Columbia-School of Social Work
Downloads 40 (421,875)

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Cognitive bias, Health and Retirement Study, Longitudinal study, Multilevel analysis, Risk tolerance

13.

Financial Risk Attitude and Behavior: Do Planners Help Increase Consistency?

Park, E. & Yao, R. (2015). Financial risk attitude and behavior: Do planners help increase consistency? Journal of Family and Economic Issues
Number of pages: 40 Posted: 03 Mar 2016
Eric Park and Rui Yao
University of Missouri at Columbia - Department of Finance and University of Missouri at Columbia - Department of Personal Finance Planning
Downloads 34 (446,408)

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financial behavior, financial planner, risk tolerance, Survey of Consumer Finance

14.

Chinese Urban Households’ Security Market Participation: Does Investment Knowledge and Having a Long-Term Plan Help?

Yao, R., & Xu, Y. (2015). Chinese urban households’ security market participation: Does investment knowledge and having a long-term plan help? Journal of Family and Economic Issues, 36(3), 328-339.
Number of pages: 34 Posted: 03 Mar 2016
Rui Yao and Yilan Xu
University of Missouri at Columbia - Department of Personal Finance Planning and University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics
Downloads 21 (512,982)

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China, financial capability, financial planning, investment decisions

15.

Household Saving Motives: A Cross-Country Comparison

Yao, R., Wang, F., Weagley, R. O., & Liao, L. (2011). Household saving motives: Comparing American and Chinese consumers. Family and Consumer Sciences Research Journal, 40(1), 28-44
Number of pages: 33 Posted: 02 Mar 2016
University of Missouri at Columbia - Department of Personal Finance Planning, University of Missouri at Columbia - Department of Finance, Missouri University of Science and Technology and Tsinghua University
Downloads 19 (524,609)

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China, relative income, saving motive, savings rate

16.

Consumer Debt Delinquency by Family Lifecycle Categories

Xiao, J. J., Yao, R.(2014). Consumer debt delinquency by family lifecycle categories. International Journal of Bank Marketing, 32(1), 43-59.
Number of pages: 31 Posted: 03 Mar 2016
Jing Jian Xiao and Rui Yao
University of Rhode Island and University of Missouri at Columbia - Department of Personal Finance Planning
Downloads 17 (536,240)

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Consumer behavior, Borrowing, Debt delinquency, Family lifecycle, Consumer credit, Survey of consumer finances

17.

Financial Well-being of Chinese American Households

Yao, R. (2010). Financial wellbeing of Chinese American households. Journal of East Asian Studies, 69(1), 133-147.
Number of pages: 15 Posted: 02 Mar 2016
Rui Yao
University of Missouri at Columbia - Department of Personal Finance Planning
Downloads 16 (541,988)

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Chinese American, emergency fund, financial ratio

18.

Consumption Patterns of Chinese Elders: Evidence from a Survey in Wuhan, China

Ying, B. & Yao, R. (2006). Consumption patterns of Chinese elders: Evidence from a survey in Wuhan, China. Journal of Family and Economic Issues, 27(4), 702-714.
Number of pages: 13 Posted: 03 Mar 2016
Bin Ying and Rui Yao
Zhongnan University of Economics and Law-Business Administration School and University of Missouri at Columbia - Department of Personal Finance Planning
Downloads 13 (559,853)

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Aging, China, Consumer behavior, Gray market, Older consumers

19.

Effects of Age on Saving Motives of Chinese Urban Consumers

Yao, R., Xiao, J. J., & Liao, L. (2014). Effects of age on saving motives of Chinese urban consumers. Journal of Family and Economic Issues, 36(2), 224-238.
Number of pages: 39 Posted: 02 Mar 2016
Rui Yao, Jing Jian Xiao and Li Liao
University of Missouri at Columbia - Department of Personal Finance Planning, University of Rhode Island and Tsinghua University
Downloads 12 (566,154)

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China, mediation analysis, saving motive, saving rate

20.

Factors Related to Non-Primary Housing Ownership: Evidence from China General Social Survey

2019 Academic Research Colloquium for Financial Planning and Related Disciplines
Number of pages: 34 Posted: 10 Oct 2018
Rui Yao and Chen Xu
University of Missouri at Columbia - Department of Personal Finance Planning and University of Missouri at Columbia - Personal Financial Planning, Students
Downloads 9 (584,819)

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21.

Family Finances in Urban China: Evidence from a National Survey

Liao, L., Huang, N., & Yao, R. (2010). Family finances in urban China: Evidence from a national survey. Journal of Family and Economic Issues, 31(3), 259-279.
Number of pages: 59 Posted: 03 Mar 2016
Li Liao, Nuonan Huang and Rui Yao
Tsinghua University, Tsinghua University and University of Missouri at Columbia - Department of Personal Finance Planning
Downloads 9 (584,819)

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China, consumer finance, liabilities, spending

22.

Determinants of Defined Contribution Plan Deferral

Yao, R., Ying, J., & Micheas, L. (2013). Determinants of defined contribution plan deferral. Family and Consumer Sciences Research Journal, 42(1), 55-76.
Number of pages: 41 Posted: 02 Mar 2016
Rui Yao, Jie Ying and Lada Micheas
University of Missouri at Columbia - Department of Personal Finance Planning, Southern Illinois University at Edwardsville - Department of Economics & Finance and Univeristy of Missouri-Department of Statistics
Downloads 9 (584,819)

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behavioral economics, decision making, defined contribution plan deferral, Survey of Consumer Finances

23.

An Exploratory Study of Chinese Americans’ Debt Holding

Yao, R., Sharpe, D. L., & Gorham, E. E. (2011). An exploratory study of Chinese Americans' debt holding. Journal of Family and Economic Issues, 32(4), 600-611.
Number of pages: 35 Posted: 03 Mar 2016
University of Missouri at Columbia - Department of Personal Finance Planning, University of Missouri at Columbia and South Dakota State University
Downloads 7 (597,582)

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Chinese American, Debt, Financial Well-being, Race

24.

Self-Perceived Age and Attitudes Toward Marketing of Older Consumers in China

Ying, B. & Yao, R. (2010). Self-perceived age and attitudes toward marketing of older consumers in China. Journal of Family and Economic Issues, 31(3), 318-327.
Number of pages: 35 Posted: 03 Mar 2016
Bin Ying and Rui Yao
Zhongnan University of Economics and Law-Business Administration School and University of Missouri at Columbia - Department of Personal Finance Planning
Downloads 7 (597,582)

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Consumer Behavior, Life Age, Older Consumer, Physiological Age, Self-perceived Age

25.

Selection of Non-Regular Fractional Factorial Designs When Some Two-Factor Interactions are Important

Ke, W. & Yao, R. (2008). Selection of non-regular fractional factorial designs when some two-factor interactions are important. Journal of Modern Applied Statistical Methods, 7(1), 94-100.
Number of pages: 7 Posted: 03 Mar 2016
Weiming Ke and Rui Yao
South Dakota State University-Department of Mathematics and Statistics and University of Missouri at Columbia - Department of Personal Finance Planning
Downloads 6 (604,156)

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Alias matrix, fractional factorial design, non-regular design, partial confounding, Plackett- Burman design

26.

Optimal Selection of Blocked Robust Parameter Designs and Their Applications

Ke, W. & Yao, R. (2008). Optimal selection of blocked robust parameter designs and their applications. Applied Mathematical Sciences, 2(38), 1873-1884.
Number of pages: 12 Posted: 03 Mar 2016
Weiming Ke and Rui Yao
South Dakota State University-Department of Mathematics and Statistics and University of Missouri at Columbia - Department of Personal Finance Planning
Downloads 5 (610,781)

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Blocking, confounding, control factor, fractional factorial design, noise factor, robust parameter design

27.

Financial Decision Power and Household Wealth: The Role of Personality and Cognitive Ability

2018 Academic Research Colloquium for Financial Planning and Related Disciplines
Posted: 11 Sep 2017
Yilan Xu and Rui Yao
University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics and University of Missouri at Columbia - Department of Personal Finance Planning

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