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Author: John E. Grable Publisher: ISBN: Category : Languages : en Pages : 8
Book Description
The effects of environmental and biopsychosocial factors on financial risk tolerance is analyzed. The research is premised on Irwin's (1993) risk-taking behavioral model. Findings from an OLS regression, using a sample of faculty and staff from two universities (N = 406), indicate that education, marital status, net worth, financial knowledge, and household income, as environmental factors, are related to financial risk tolerance. A significant biopsychosocial factor associated with financial risk tolerance is self-esteem. Findings from this study confirm Irwin's recommendation that further research should take into account both environmental and biopsychosocial factors when attempting to explain financial risk-tolerance attitudes.
Author: John E. Grable Publisher: ISBN: Category : Languages : en Pages : 8
Book Description
The effects of environmental and biopsychosocial factors on financial risk tolerance is analyzed. The research is premised on Irwin's (1993) risk-taking behavioral model. Findings from an OLS regression, using a sample of faculty and staff from two universities (N = 406), indicate that education, marital status, net worth, financial knowledge, and household income, as environmental factors, are related to financial risk tolerance. A significant biopsychosocial factor associated with financial risk tolerance is self-esteem. Findings from this study confirm Irwin's recommendation that further research should take into account both environmental and biopsychosocial factors when attempting to explain financial risk-tolerance attitudes.
Author: John Grable Publisher: ISBN: Category : Languages : en Pages : 16
Book Description
A conceptual model of personal financial risk-taking behavior is described. The approach incorporated environmental and biopsychosocial factors associated with risk-tolerance attitudes and risk-taking financial management behavior. Findings indicated, similar to the method used to describe socioeconomic status, generalized profiling can be a useful tool to help researchers and policy makers improve understanding of the determinants of risk taking. Level of affluence, as described by a person's environmental profile, appeared to serve as a protection against circumstances that could lead to negative financial behavior. Risk tolerance, as a precipitating risk factor, was an important determinant of financial risk-taking behavior.
Author: Stephen Franklin Kuzniak Publisher: ISBN: Category : Languages : en Pages : 262
Book Description
Risk tolerance will continue to be an important factor shaping consumer and household decision making. This study has added to the risk-tolerance literature by showing how, while generally stable, risk-tolerance can change over time. The overarching purposes of this study were to (a) identify the macroeconomic variables that influence individual risk tolerance, (b) clarify the relationship between biopsychosocial and environmental factors that influence risk tolerance, (c) and determine whether social support influences a person's risk tolerance. The final goal of the dissertation was to provide a substantial contribution to the risk-tolerance literature and offer insights into which, if any, variables influence an individual's change in risk tolerance over time. The sample, provided by FinaMetrica, contained approximately 4,983 individuals who completed at least two financial risk-tolerance assessments from the period between 2010 and 2014. The results of the regression analysis show strong similarities to previous studies examining the relationship between risk tolerance and biopsychosocial and environmental factors. Age, gender, education level, income, and net worth all showed significant relationships to financial risk-tolerance scores. Specifically, older respondents exhibited lower scores and females reported a lower risk tolerance than men. Income, household size, and net worth were all positively associated with an increase in risk-tolerance scores. The most interesting aspect of the macroeconomic analysis was the negative relationship between GDP and risk-tolerance score. GDP had a negative coefficient, indicating that a rise in GDP was associated with lower risk-tolerance scores. In addition, the results suggest that as spending on social support, as a percentage of a country's gross domestic product, goes up, risk tolerance decreases. Finally, based on the results of the logistic regression, individuals who scored extremely low or high on risk assessments, older individuals, and those with lower education levels were most likely to exhibit change over a four-year window.
Author: Jiuping Xu Publisher: Springer Nature ISBN: 3031103882 Category : Technology & Engineering Languages : en Pages : 854
Book Description
This book covers many hot topics, including theoretical and practical research in many areas such as dynamic analysis, machine learning, supply chain management, operations management, environmental management, uncertainty, and health and hygiene. It showcases advanced management concepts and innovative ideas. The 16th International Conference on Management Science and Engineering Management (2022 ICMSEM) will be held in Ankara, Turkey, during August 3-6, 2022. ICMSEM has always been committed to promoting innovation management science (M-S) and engineering management (EM) academic research and development. The book provides researchers and practitioners in the field of Management Science and Engineering Management (MSEM) with the latest, cutting-edge thinking and research in the field. It will appeal to readers interested in these fields, especially those looking for new ideas and research directions.
Author: Mehmet Huseyin Bilgin Publisher: Springer ISBN: 3319541129 Category : Business & Economics Languages : en Pages : 450
Book Description
This volume presents selected papers from the 19th Eurasia Business and Economics Society (EBES) Conference held in Istanbul. Its primary emphasis is on showcasing the latest empirical research on social change, sustainable development and the management of public and private organizations in emerging economies. The respective articles also address more specialized and related topics such as financial risk tolerance, international strategic partnerships, female labor force participation, human capital dynamics, and economic integration, among others.
Author: D. J. D. Stanley Publisher: Rowman & Littlefield ISBN: 1493035363 Category : Business & Economics Languages : en Pages : 273
Book Description
Over the past 40 years, Tom Stanley and his daughter Sarah Stanley Fallaw have been involved in research examining how self-made, economically successful Americans became that way. Despite the publication of The Millionaire Next Door, The Millionaire Mind, and others, myths about wealth in American still abound. Government officials, journalists, and many American still tend to confuse income with wealth. A new generation of household financial managers are hearing from so-called experts in personal financial management due to the proliferation of the cottage industry of financial blogs, podcasts, and the like. In many cases, these outlets are simply experiences shared without science, case studies without data based on broader populations. Therefore, the authors decided to take another look at millionaires in the United States to examine what changes could be seen 20 years after the original publication of The Millionaire Next Door. In this book the authors highlight how specific decisions, behaviors, and characteristics align with the discipline of wealth building, covering areas such as consumption, budgeting, careers, investing, and financial management in general. They include results from quantitative studies of wealth as well as case studies of individuals who have been successful in building wealth. They discuss general paths to building wealth on your own, focusing specifically on careers and lifestyles associated with each path, and what it takes to be successful in each.
Author: Francesco Ricci Publisher: Springer ISBN: 3319202677 Category : Computers Languages : en Pages : 416
Book Description
This book constitutes the refereed proceedings of the 23rd International Conference on User Modeling, Adaptation and Personalization, UMAP 2015, held in Dublin, Ireland, in June/July 2015. The 25 long and 7 short papers of the research paper track were carefully reviewed and selected from 112 submissions. The papers reflect the conference theme "Contextualizing the World", highlighting the significance and impact of user modeling and adaptive technologies on a large number of everyday application areas such as: intelligent learning environments, recommender systems, e-commerce, advertising, personalized information retrieval and access, digital humanities, e-government, cultural heritage, and personalized health.
Author: Theodore Wasserman Publisher: Springer Nature ISBN: 303058724X Category : Psychology Languages : en Pages : 169
Book Description
Our understanding of how the human brain operates and completes its essential tasks continues is fundamentally altered from what it was ten years ago. We have moved from an understanding based on the modularity of key structural components and their specialized functions to an almost diametrically opposed, highly integrated neural network model, based on a vertically organized brain dependent on small world hub principles. This new understanding completely changes how we understand essential psychological constructs such as motivation. Network modeling posits that motivation is a construct that describes a modified aspect of the operation of the human learning system that is specifically designed to cause a person to pursue a goal. Anthropologically and developmentally, these goals were initially basic, including things like food, shelter and reproduction. Over the course of time and development they develop into a complex web of extrinsic and then intrinsic goals, objectives and values. The core for all of this development is the inborn flight or fight reaction has been modified over time by a combination of inborn human temperamental characteristics and life experiences. This process of modification is, in part, based on the operation of a network based error-prediction network working in concert with the reward network to produce a system of ever evolving valuations of goals and objectives. These valuations are never truly fixed. They are constantly evolving, being modified and shaped by experience. The error prediction network and learning related networks work in concert with the limbic system to allow affect laden experiences to inform the process of valuation. These networks, operating in concert, produce a cognitive process we call motivation. Like most networks, the motivation system of networks is recruited when the task demands of the situation require them. Understanding motivation from this perspective has profound implications for many scientific disciplines in general and psychology in specific. Psychologically, this new understanding will alter how we understand client behavior in therapy and when being evaluated. This new understanding will provide direction for new therapeutic intervention for a variety of disorders of mental health. It will also inform testing practices concerning the evaluation of effort and malingering. This book is not a project in reductionism. It is the polar opposite. A neural network understanding of the operation of the human brain allows for the integration of what has come before into a comprehensive and integrated model. It will likely provide the basis for future research for years to come.
Author: John E. Grable Publisher: CFA Institute Research Foundation ISBN: 1944960201 Category : Business & Economics Languages : en Pages : 27
Book Description
This content provides financial analysts, investment professionals, and financial planners with a review of how financial risk-tolerance tests can and should be evaluated. It begins by clarifying terms related to risk taking and is followed by a broad overview of two important measurement terms: validity and reliability. It concludes with examples for practice.
Author: Dorothy B. Durband Publisher: Springer ISBN: 3319725866 Category : Social Science Languages : en Pages : 244
Book Description
"This text is a valuable new resource that we recommend for all of our professionals and are proud to incorporate as part of our AFC® certification program. With expertise representing the breadth and depth of the financial counseling profession, the content in this text provides you with a rigorous foundation of knowledge, considers critical theoretical models, and explores foundational skills of communication, self-awareness, and bias. This type of comprehensive approach aligns with our mission and vision—providing you with the foundational knowledge to meet clients where they are across the financial life-cycle and impact long-term financial capability." -Rebecca Wiggins, Executive Director, AFCPE® (Association for Financial Counseling and Planning Education®) This timely volume presents a comprehensive overview of financial counseling skills in accessible, practical detail for readers throughout the career span. Expert financial counselors, educators, and researchers refer to classic and current theories for up-to-date instruction on building long-term client competence, working with clients of diverse backgrounds, addressing problem financial behavior, and approaching sensitive topics. From these core components, readers have a choice of integrated frameworks for guiding clients in critical areas of financial decision-making. This essential work: · Offers an introduction to financial counseling as a practice and profession · Discusses the challenges of working in financial counseling · Explores the elements of the client/counselor relationship · Compares delivery systems and practice models · Features effective tools and resources used in financial counseling · Encourages counselor ethics, preparedness, and self-awareness A standout in professional development references, Financial Counseling equips students and new professionals to better understand this demanding field, and offers seasoned veterans a robust refresher course in current best practices.
Author: John E. Grable
Author: John E. Grable
Author: John Grable
Author: Stephen Franklin Kuzniak
Author: Jiuping Xu
Author: Mehmet Huseyin Bilgin
Author: D. J. D. Stanley
Author: Francesco Ricci
Author: Theodore Wasserman
Author: John E. Grable
Author: Dorothy B. Durband