Michael Guillemette

Texas Tech University - Department of Personal Financial Planning

1301 Akron Ave, HS-260

Box 41210

Lubbock, TX 79409-1210

United States

SCHOLARLY PAPERS

17

DOWNLOADS
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3,217

CITATIONS
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SSRN RANKINGS

Top 33,400

in Total Papers Citations

11

Scholarly Papers (17)

1.

Risk Tolerance Questions to Best Determine Client Portfolio Allocation Preferences

Journal of Financial Planning 25, 5: 36-44, 2012
Number of pages: 9 Posted: 21 Jun 2012 Last Revised: 20 Apr 2015
Michael Guillemette, Michael S. Finke and John Gilliam
Texas Tech University - Department of Personal Financial Planning, The American College and Texas Tech University
Downloads 1,342 (13,646)
Citation 6

Abstract:

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risk tolerance, portfolio allocation, portfolio choice

2.

Risks in Advanced Age

Guillemette, M. A. (2017). Risks in Advanced Age. Journal of Financial Planning. Forthcoming.
Number of pages: 13 Posted: 15 Mar 2017 Last Revised: 18 Jul 2017
Michael Guillemette
Texas Tech University - Department of Personal Financial Planning
Downloads 438 (64,418)

Abstract:

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Risks, Advanced Age, Old Age, Certainty Effect, Equity-Varying Risk Aversion, Cognitive Ability, Financial Literacy, Retirement Decumulation Puzzle, Longevity Risk, Longevity Annuities, Longevity Insurance

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
Michael Guillemette, Rui Yao and Russell N. James
Texas Tech University - Department of Personal Financial Planning, University of Missouri at Columbia - Department of Personal Finance Planning and Texas Tech University
Downloads 317 (93,186)

Abstract:

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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
Michael Guillemette, Rui Yao and Russell N. James
Texas Tech University - Department of Personal Financial Planning, University of Missouri at Columbia - Department of Personal Finance Planning and Texas Tech University
Downloads 31 (468,536)
Citation 1

Abstract:

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

4.

What Determines Risk Tolerance?

Financial Services Review, Forthcoming
Number of pages: 26 Posted: 11 Feb 2014 Last Revised: 12 Jun 2014
Michael Guillemette and David Nanigian
Texas Tech University - Department of Personal Financial Planning and California State University, Fullerton - Department of Finance
Downloads 227 (132,971)
Citation 2

Abstract:

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risk tolerance, risk aversion, loss aversion, habit formation, sentiment

5.

Do Large Swings in Equity Values Change Risk Tolerance?

Guillemette, Michael and Michael Finke. 2014. “Do Large Swings in Equity Values Change Risk Tolerance?” Journal of Financial Planning 27 (6): 44-50.
Number of pages: 7 Posted: 02 Jun 2014
Michael Guillemette and Michael S. Finke
Texas Tech University - Department of Personal Financial Planning and The American College
Downloads 156 (186,864)
Citation 2

Abstract:

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risk tolerance, risk aversion, equity values

6.

The Effect of Advanced Age and Equity Values on Risk Preferences

Blanchett, D., Finke, M and Guillemette, M. (2018). The Effect of Advanced Age and Equity Values on Risk Preferences. Journal of Behavioral Finance, Forthcoming
Number of pages: 22 Posted: 02 May 2017 Last Revised: 26 Jan 2018
David Blanchett, Michael S. Finke and Michael Guillemette
Morningstar Investment Management, The American College and Texas Tech University - Department of Personal Financial Planning
Downloads 145 (198,570)
Citation 1

Abstract:

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risk preferences, risk aversion, stock prices, old age, financial planning

7.

Who Exhibits Time Varying Risk Aversion?

Number of pages: 46 Posted: 27 Apr 2016 Last Revised: 29 Apr 2016
David Blanchett, Michael S. Finke and Michael Guillemette
Morningstar Investment Management, The American College and Texas Tech University - Department of Personal Financial Planning
Downloads 130 (216,737)

Abstract:

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Risk Aversion, Time Varying Risk Aversion, Advanced Age, Account Balance, Income, Morningstar

8.

Loss Aversion Under Cognitive Load

Journal of Personal Finance. Forthcoming.
Number of pages: 26 Posted: 22 Nov 2013 Last Revised: 23 Jul 2014
Michael Guillemette, Russell N. James and Jeff T. Larsen
Texas Tech University - Department of Personal Financial Planning, Texas Tech University and Texas Tech University
Downloads 114 (239,089)
Citation 2

Abstract:

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loss aversion, cognitive load, skin conductance response

9.

Minority Household Size and the Life Insurance Purchase Decision

Financial Services Review, 2015 Forthcoming
Number of pages: 25 Posted: 21 Apr 2015
Texas Tech University - Department of Personal Financial Planning, California State University, Northridge, California State University, Northridge and University of Texas - Pan American - College of Business Administration - Department of Economics & Finance
Downloads 79 (303,628)

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life insurance, household size, term life insurance, cash value life insurance, race, minority

10.

Framing Longevity Income

2018 Academic Research Colloquium for Financial Planning and Related Disciplines
Number of pages: 22 Posted: 23 Sep 2017 Last Revised: 02 Mar 2018
Michael Guillemette, Jesse Jurgenson, Deanna L. Sharpe and Xianwu Zhang
Texas Tech University - Department of Personal Financial Planning, Iowa State University, University of Missouri at Columbia and Texas Tech University
Downloads 76 (310,647)

Abstract:

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Annuities; Annuitization; Retirement Income; Expected Utility Theory; Framing; Longevity Insurance; Behavioral Finance; Longevity Income; Numeracy

11.

Determinants of the Stated Probability of Purchase for Longevity Insurance

Guillemette, M. A., Martin, T. K., Cummings, B. F. and James, R. N. (2015). Determinants of the stated probability of purchase for longevity insurance. Geneva Papers on Risk and Insurance – Issues and Practice, 41(1), 4-23.
Number of pages: 20 Posted: 24 Apr 2015 Last Revised: 27 Apr 2016
Texas Tech University - Department of Personal Financial Planning, University of Texas - Pan American - College of Business Administration - Department of Economics & Finance, The American College of Financial Services and Texas Tech University
Downloads 70 (325,292)
Citation 2

Abstract:

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longevity insurance, deferred annuity, annuitization

12.

The Effect of Certification on Investment Decisions

Number of pages: 21 Posted: 21 Apr 2015 Last Revised: 25 Jun 2015
Michael Guillemette and Jesse Jurgenson
Texas Tech University - Department of Personal Financial Planning and Iowa State University
Downloads 60 (352,318)

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financial advice, certification, designation, principal-agent relationship, investments

13.

How Nobel Laureate Richard Thaler's Work Impacts Financial Planning

Number of pages: 3 Posted: 20 Oct 2017
Michael Guillemette
Texas Tech University - Department of Personal Financial Planning
Downloads 32 (452,214)

Abstract:

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Richard Thaler, financial planning, behavioral finance

14.

Investor Sophistication and Target-Date Fund Investing

Guillemette, M. A., Martin, T. K., Gibson, P. (2015). Investor Sophistication and Target-Date Fund Investing. Journal of Retirement, 2(4), 22-29. , https://doi.org/10.3905/jor.2015.2.4.022
Posted: 21 May 2019
Michael Guillemette, Terrance Martin and Philip Gibson
Texas Tech University - Department of Personal Financial Planning, University of Texas - Pan American - College of Business Administration - Department of Economics & Finance and Texas Tech University

Abstract:

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target-date fund, life-cycle fund, investor sophistication, retirement savings

15.

Risk Preference, Asset Allocation, and Seniors’ Satisfaction

Posted: 28 Sep 2018
Ruizhi Chen, Michael Guillemette and Chris Browning
Texas Tech University, College of Human Sciences, Department of Personal Financial Planning, Texas Tech University - Department of Personal Financial Planning and Texas Tech University

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satisfaction, financial satisfaction, risk aversion, risk preference, risk tolerance, asset allocation, equity level, misalignment

16.

The Effect of Myopic Behavior on Stock Market Risk Perception

2018 Academic Research Colloquium for Financial Planning and Related Disciplines
Posted: 23 Sep 2017
Yi Liu and Michael Guillemette
Texas Tech University - Department of Personal Financial Planning and Texas Tech University - Department of Personal Financial Planning

Abstract:

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Myopic behavior, risk perception, stock market, financial planning

17.

Don't Like the Picture, Change the Frame: The Effects of Framing and Cognitive Ability on Risky Choice

Guillemette, M. A., Browning, C. M. and Payne, P. (2015). Don’t Like the Picture? Change the frame: The impact of cognitive ability and framing on risky choice. Applied Economics Letters, 22(18), 1515-1518.
Posted: 13 Nov 2014 Last Revised: 13 Sep 2016
Michael Guillemette, Chris Browning and Patrick Payne
Texas Tech University - Department of Personal Financial Planning, Texas Tech University and Western Carolina University - College of Business

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framing, risky choice, cognitive ability, risk perception, up-front cost

Other Papers (1)

Total Downloads: 6
1.

Determinants of the Stated Demand for Longevity Annuities

Number of pages: 17 Posted: 14 Mar 2017 Last Revised: 14 Jul 2017
Michael Guillemette, Deanna L. Sharpe and Jesse Jurgenson
Texas Tech University - Department of Personal Financial Planning, University of Missouri at Columbia and Iowa State University
Downloads 6

Abstract:

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longevity annuity