Abstract
This paper focuses on the risk tolerance which clearly influences financial decision making. We investigated the emotional side of risk-taking behaviour, identifying subjective obstacles to the individual ability taking conscious investment and debt decisions. We used an empirical cross-disciplinary approach, combining financial competences with others from psychology and affective neuroscience. We present descriptive results from a sample of 176 individuals with different levels of financial education/competence. Some of them are traders who attended the 2008-Borsa Italiana-Trading-Expo, and some others are bank customers and bankers.
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© 2010 Caterina Lucarelli and Gianni Brighetti
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Lucarelli, C., Brighetti, G. (2010). Biased or Unbiased Risk Tolerance in Financial Decision Making. In: Fiordelisi, F., Molyneux, P., Previati, D. (eds) New Issues in Financial and Credit Markets. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, London. https://doi.org/10.1057/9780230302181_15
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DOI: https://doi.org/10.1057/9780230302181_15
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-32478-1
Online ISBN: 978-0-230-30218-1
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