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Risk Tolerance and Demographic Characteristics: Preliminary Irish Evidence

Charles Larkin Business School and Institute for International Integration Studies, Trinity College Dublin, Dublin 2, Ireland, and Cardiff School of Management, Cardiff Metropolitan University, Llandaff Campus, Western Avenue, Cardiff, CF5 2YB UK. Charles.larkin@gmail.com

Brian M. Lucey Business School and Institute for International Integration Studies, Trinity College Dublin, Dublin 2, Ireland, and Glasgow School for Business, Glasgow Caledonian University Cowcaddens Road Glasgow G4 0BA Scotland, UK, blucey@tcd.ie

Corresponding Author
Megan Mulholland Business School and Institute for International Integration Studies, Trinity College Dublin, Dublin 2, mulhollandm@tcd.ie

IIIS Discussion Paper No. 406

 

Abstract

We examine by means of a survey and subsequent statistical analysis the extent of financial risk tolerance in Irish adults. We administer the (J. Grable& Lytton, 1999) 13 item risk tolerance instrument, and find confirmed a number of stylized facts found elsewhere on age, gender and education levels and their impact on risk tolerance. This is to our knowledge the first comprehensive survey of Irish adults on their risk tolerance.

JEL classification: C83, D14, D81, G02
Keywords: survey, financial risk, Ireland

 



Last updated 28 August 2014 by IIIS (Email).