Abstract
This article suggests that learning about basic concepts concerning the risk and return of assets will reduce perceived risk. We show experimentally that people who learn about these basic concepts are willing to allocate more money to risky assets and consider the asset’s return relative to its risk.
Original language | English |
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Pages (from-to) | 1069-1072 |
Number of pages | 4 |
Journal | Applied Economics Letters |
Volume | 23 |
Issue number | 15 |
DOIs | |
State | Published - 12 Oct 2016 |
Externally published | Yes |
Bibliographical note
Publisher Copyright:© 2016 Taylor & Francis.
Keywords
- Risk
- familiarity
- financial literacy