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Welcome to the 2017 AFS Annual Meeing, being held this year, in conjunction with FPA in Nashville!
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Monday, October 2 • 10:45am - 11:45am
G1a Relevance between Utility Theory and Measured Risk Tolerance: Empirical Utilization of G&L Scale

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The main research purpose of the study is to make an empirical linkage between the objective risk tolerance utility function and the subjective risk tolerance scale. Specifically, this study utilizes the S&P point for considering the objective risk tolerance utility function and utilizes the empirical risk tolerance data measured by using Grable-Lytton scale from 2008 and 2013. The results from this analysis add to the literature by showing investments in the stock market are strongly associated with the risk attitudes and preferences of investors. Subjectively measured risk tolerance scores can be used to predict the value of the S&P500.

Author(s): Wookjae Heo, Ph.D., John Grable, Abed Rabbani, Ph.D.


Wookjae Heo

Assistant Professor, South Dakota State University

Monday October 2, 2017 10:45am - 11:45am

Attendees (1)