This event has ended. Visit the official site or create your own event on Sched.
Welcome to the 2017 AFS Annual Meeing, being held this year, in conjunction with FPA in Nashville!
View analytic
Monday, October 2 • 1:30pm - Saturday, October 28 • 2:30pm
H2a The Effect of Advanced Age and Equity Values on Risk Preferences

Sign up or log in to save this to your schedule and see who's attending!

This paper analyzes the effect equity values and age have on the risk aversion of participants in U.S. defined contribution plans using a unique dataset with daily responses to a risk tolerance questionnaire. We find that older investors are more risk averse compared to younger cohorts when controlling for the level of the S&P 500 Index, account balance, income, savings percentage, equity percentage and allocation fund percentage. We also find that risk preferences are influenced by the level of the S&P 500, but only in advanced age.

Author(s): Michael Guillemette, Ph.D., CFP®, David Blanchett, Ph.D., CFA, CFP®, Michael Finke, Ph.D., CFP®


Michael Guillemette, Ph.D., CFP®

Assistant Professor, Texas Tech University

Monday October 2, 2017 1:30pm - Saturday October 28, 2017 2:30pm

Attendees (2)