Financial risk perception. Are individuals variance averse or loss averse?

Economics Letters

Volumn 84, Issue 1, 2004, Pages 21-28

  Duxbury, Darren ^a   Summers, Barbara ^a  

^a UNIVERSITY OF LEEDS   (United Kingdom)

Author keywords

Loss aversion; Risk perception; Variance

Indexed keywords

EID: 2542498745     PISSN: 01651765     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.econlet.2003.12.006     Document Type: Article

References (12)

1. Bernstein P.L. Against the Gods: The Remarkable Story of Risk 1996 Wiley New York
2. Fama E.F. French K.R. The cross-section of expected stock returns Journal of Finance 47 1992 427-465
3. Fiegenbaum A. Prospect theory and the risk return association Journal of Economic Behavior 14 1990 187-203
4. Haugen R.A. The New Finance: The Case Against Efficient Markets 1995 Prentice Hall New Jersey
5. Kahneman D. Tversky A. Prospect theory: an analysis of decision under risk Econometrica 47 1979 263-291
6. Markowitz H.M. Portfolio selection Journal of Finance 7 1952 77-91
7. Payne J.W. Relation of perceived risk to preferences among gambles Journal of Experimental Psychology: Human Perception and Performance 1 1975 86-94
8. Shapira Z. Risk Taking: A Managerial Perspective 1995 Russell Sage Foundation New York
9. Sinha T. Prospect theory and the risk return association: another look Journal of Economic Behavior and Organization 24 2 1994 225-231
10. Slovic P. Lichtenstein S. Relative importance of probabilities and payoffs in risk taking Journal of Experimental Psychology 78 1968 1-18
11. Weber E.U. A descriptive measure of risk Acta Psychologica 69 1988 185-203
12. Yates J.F. Stone E.R. The risk construct In Yates J.F. (Ed.), Risk-Taking Behavior 1992 1-25 Wiley Chichester