Inter-Observer Risk-Tolerance Agreement between Husbands and Wives

Journal of Business and Economic Research Vol. 9, No. 2, February 2011

10 Pages Posted: 10 Aug 2012

See all articles by Joseph W. Goetz

Joseph W. Goetz

University of Georgia

John Gilliam

Texas Tech University

John Grable

University of Georgia - Department of Housing & Consumer Economics

Date Written: February , 2011

Abstract

The purpose of this research was to test the extent to which variability in husbands’ and wives’ self-assessed financial risk can be attributed to variation in risk tolerance or observer bias resulting from measurement error. Using a sample of 188 well-educated married couples, scores from the Survey of Consumer Finances single risk-assessment item were used to evaluate the following null hypothesis: Husbands and wives do not agree on their level of financial risk tolerance. The hypothesis was tested using a percentage agreement test, a Kappa coefficient test, and a chi-square analysis. Findings led to a rejection of the null hypothesis. That is, couples exhibited general agreement in their assessment of financial risk tolerance, although the level of agreement was rather modest.

Keywords: Risk Tolerance, Gender, Marital Status, Kappa Test

Suggested Citation

Goetz, Joseph W. and Gilliam, John and Grable, John, Inter-Observer Risk-Tolerance Agreement between Husbands and Wives (February , 2011). Journal of Business and Economic Research Vol. 9, No. 2, February 2011 . Available at SSRN: https://ssrn.com/abstract=2127430

Joseph W. Goetz

University of Georgia ( email )

Athens, GA 30602-6254
United States

John Gilliam (Contact Author)

Texas Tech University ( email )

2500 Broadway
Lubbock, TX 79409
United States

John Grable

University of Georgia - Department of Housing & Consumer Economics ( email )

205 Dawson Hall
Athens, GA 30602-3622
United States

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