Financial decision-making power and risk taking

被引：13

作者：

Phung, Trang M. T. ^{[1
]}

Tran, Quoc N. ^{[1
]}

Nguyen, Nhut H. ^{[3
]}

Nguyen, Tho H. ^{[2
]}

机构：

[1] Hoa Sen Univ, Fac Econ & Business, 08 Nguyen Trang St,Dist 1, Ho Chi Minh City, Vietnam

[2] Univ Econ Ho Chi Minh City, Sch Management, 59C Nguyen Dinh Chieu St,Ward 6,Dist 4, Ho Chi Minh City, Vietnam

[3] Auckland Univ Technol, Dept Finance, 42 Wakefield St, Auckland 1010, New Zealand

来源：

ECONOMICS LETTERS | 2021年 / 206卷

关键词：

Household; Risk taking; Decision making; Investment behavior; FAMILY; DETERMINANTS; GENDER; OVERCONFIDENCE; INVESTMENT; HOUSEHOLD;

D O I：

10.1016/j.econlet.2021.109999

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We find that financial decision-making power per se is significant in explaining individuals' objective risk-taking behavior and subjective risk attitude. More importantly, we show that this decision power attenuates the correlation between subjective risk attitude and objective risk taking. These results are significant in understanding the important role of decision-making power in individual risk-taking behavior. (C) 2021 Elsevier B.V. All rights reserved.

引用

页数：5

共 50 条

[21] Financial Decision-Making in Neurological Patients [J].

Danesin, Laura ;

Giustiniani, Andreina ;

Arcara, Giorgio ;

Burgio, Francesca .

BRAIN SCIENCES, 2022, 12 (05)

[22] Impact of financial communication practices on investors' risk perception and decision-making [J].

Ramchandani, Vinita ;

Chatterjee, Anindita S. .

INTERNATIONAL JOURNAL OF INDIAN CULTURE AND BUSINESS MANAGEMENT, 2024, 32 (01)

[23] Gender differences in risk behaviour in financial decision-making: An experimental analysis [J].

Powell, M ;

Ansic, D .

JOURNAL OF ECONOMIC PSYCHOLOGY, 1997, 18 (06) :605-628

[24] Exploring Financial Decision-Making Approaches for Use in Earthquake Risk Decision Processes for Ports [J].

Taylor, Craig ;

Rix, Glenn ;

Liu, Fang .

JOURNAL OF INFRASTRUCTURE SYSTEMS, 2009, 15 (04) :406-416

[25] Analyzing Determinants of Household Financial Decision-Making: Household Stock Investment in China [J].

Zhou, Jing ;

Xiao, Tianhua .

EMERGING MARKETS FINANCE AND TRADE, 2018, 54 (15) :3385-3400

[26] Influence of Overconfidence and Loss Aversion on Financial Decision-Making of Teachers in Ghana: The moderating role of Financial Literacy [J].

Tetteh, Joseph Emmanuel ;

Adu-Darko, Eunice ;

Agyirey-Kwakye, Benedicta .

AFRICAN REVIEW OF ECONOMICS AND FINANCE-AREF, 2024, 16 (02) :254-279

[27] The joint influence of financial risk perception and risk tolerance on individual investment decision-making [J].

Nguyen, Linh ;

Gallery, Gerry ;

Newton, Cameron .

ACCOUNTING AND FINANCE, 2019, 59 :747-771

[28] Psychosocial stress, hormones, and impulsivity/risk-taking in economic decision-making [J].

Jurgensen, JohnMichael ;

McLean, Nora Nickels ;

Borraz-Leon, Javier I. ;

D'Anna, Valentina ;

Guiso, Luigi ;

Rustichini, Aldo ;

Maestripieri, Dario .

JOURNAL OF BEHAVIORAL AND EXPERIMENTAL ECONOMICS, 2024, 112

[29] Risk Assessment and Secure Accommodation Decision-Making in Scotland: Taking Account of Gender? [J].

Roesch-Marsh, Autumn .

CHILD ABUSE REVIEW, 2014, 23 (03) :214-226

[30] Healthy Aging Is Associated With Decreased Risk-Taking in Motor Decision-Making [J].

Valsecchi, Matteo ;

Billino, Jutta ;

Gegenfurtner, Karl R. .

JOURNAL OF EXPERIMENTAL PSYCHOLOGY-HUMAN PERCEPTION AND PERFORMANCE, 2018, 44 (01) :154-167

← 1 2 3 4 5 →