Higher order risk attitudes of financial experts
Anna Bottasso
(1)
,
Sébastien Duchêne
(2)
,
Eric Guerci
(3)
,
Nobuyuki Hanaki
(4)
,
Charles Noussair
(5)
Résumé
The risk attitudes of market participants have an important influence on market behavior. We measure risk aversion, prudence and temperance in a sample of 173 financial experts. These experts are traders, analysts, or work in support or commercial functions in the financial industry, which routinely deals with risk. To assess their risk attitudes relative to the broader population, we compare their decisions with those of a demographically representative sample and of university students that are reported in the study of Noussair et al. (2014). The experts were more risk-seeking and intemperate than individuals in the other two groups. They were also more imprudent than students, though similarly prudent to the general population
Format du dépôt | Notice |
---|---|
Type de dépôt | Article dans une revue |
Titre |
en
Higher order risk attitudes of financial experts
|
Résumé |
en
The risk attitudes of market participants have an important influence on market behavior. We measure risk aversion, prudence and temperance in a sample of 173 financial experts. These experts are traders, analysts, or work in support or commercial functions in the financial industry, which routinely deals with risk. To assess their risk attitudes relative to the broader population, we compare their decisions with those of a demographically representative sample and of university students that are reported in the study of Noussair et al. (2014). The experts were more risk-seeking and intemperate than individuals in the other two groups. They were also more imprudent than students, though similarly prudent to the general population
|
Auteur(s) |
Anna Bottasso
1
, Sébastien Duchêne
2
, Eric Guerci
3
, Nobuyuki Hanaki
4
, Charles Noussair
5
1
UniGe -
Università degli studi di Genova = University of Genoa
( 302889 )
- Via Balbi, 5 - 16126 Genova
- Italie
2
CEE-M -
Centre d'Economie de l'Environnement - Montpellier
( 1100828 )
- 2 Place Viala
INRAE - MSA
34060 Montpellier Cedex 2
- France
3
GREDEG -
Groupe de Recherche en Droit, Economie et Gestion
( 185786 )
- GREDEG - Bâtiment 2 - Campus Azur du CNRS - 250 rue Albert Einstein - CS 10269 - F
06905 SOPHIA ANTIPOLIS Cedex
- France
4
Osaka University [Osaka]
( 206804 )
- 1-1 Yamadaoka, Suita,Osaka 565-0871
- Japon
5
University of Arizona
( 23624 )
- Tucson AZ 85721 USA
- États-Unis
|
Langue du document |
Anglais
|
Nom de la revue |
|
Vulgarisation |
Non
|
Comité de lecture |
Oui
|
Audience |
Internationale
|
Date de publication |
2022-06
|
Volume |
34
|
Page/Identifiant |
100658
|
Public visé |
Scientifique
|
Sous-type de document pour les Articles |
Research article
|
Domaine(s) |
|
Mots-clés (JEL) |
|
Projet(s) ANR |
|
Financement |
|
Mots-clés |
en
Risk aversion, Prudence, Temperance, Experiment
|
DOI | 10.1016/j.jbef.2022.100658 |
UT key WOS | 000798032900003 |
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