Attitudes towards risk in financial decision making

Detalhes bibliográficos
Autor(a) principal: Vieira, Pedro Nuno Rino Carreira
Data de Publicação: 2016
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/11632
Resumo: Doutoramento em Gestão
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network_name_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
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spelling Attitudes towards risk in financial decision makingFinancial InvestmentsRisk AttitudeRisk BehaviorExpected UtilityCo- efficient of Risk AversionCumulative Prospect TheoryCoefficient of Loss AversionDOSPERTConsumption NeedsDoutoramento em GestãoRisk and attitudes towards risk play a central role in several areas such as economics and psychology. Interestingly, in economics risk attitudes are addressed under the umbrella of the Utility Theory, while in psychology they are measured by psychometric scales. Risk attitudes in financial decision making are here studied under both approaches with the concern of understanding how they are related. So, I propose a conceptual model that explains risk attitudes, I translate to Portuguese the DOSPERT - Domain-Specif Risk- Taking scale and apply it in Portugal and Angola, I measure risk attitudes under Utility Theory and with DOSPERT, in order to bring new insights about their relationship, and I address the link between risk attitude and consumption needs. Among the main contributions, I propose a cause-effect model that helps solving the puzzle of individual inconsistent risk attitudes, I also propose a short version of the DOSPERT scale that can be used in Portugal and Angola, allowing comparisons between them, I report that risk attitudes depend on the consumption need underlying each financial investment decision and that risk attitudes under Utility Theory capture a more intrinsic and global risk attitude that impacts the risk attitude unveiled in each decision as measured by DOSPERT.Instituto Superior de Economia e GestãoDuque, JoãoRaposo, ClaraRepositório da Universidade de LisboaVieira, Pedro Nuno Rino Carreira2018-05-01T00:30:11Z20162016-01-01T00:00:00Zdoctoral thesisinfo:eu-repo/semantics/publishedVersionapplication/pdfhttp://hdl.handle.net/10400.5/11632TID:101490224engVieira, Pedro Nuno Rino Carreira (2016). "Attitudes towards risk in financial decision making". Tese de Doutoramento, Universidade de Lisboa. Instituto Superior de Economia e Gestão.info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-11-20T19:23:39Zoai:repositorio.ul.pt:10400.5/11632Portal AgregadorONGhttps://www.rcaap.pt/oai/openairemluisa.alvim@gmail.comopendoar:71602024-11-20T19:23:39Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Attitudes towards risk in financial decision making
title Attitudes towards risk in financial decision making
spellingShingle Attitudes towards risk in financial decision making
Vieira, Pedro Nuno Rino Carreira
Financial Investments
Risk Attitude
Risk Behavior
Expected Utility
Co- efficient of Risk Aversion
Cumulative Prospect Theory
Coefficient of Loss Aversion
DOSPERT
Consumption Needs
title_short Attitudes towards risk in financial decision making
title_full Attitudes towards risk in financial decision making
title_fullStr Attitudes towards risk in financial decision making
title_full_unstemmed Attitudes towards risk in financial decision making
title_sort Attitudes towards risk in financial decision making
author Vieira, Pedro Nuno Rino Carreira
author_facet Vieira, Pedro Nuno Rino Carreira
author_role author
dc.contributor.none.fl_str_mv Duque, João
Raposo, Clara
Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Vieira, Pedro Nuno Rino Carreira
dc.subject.por.fl_str_mv Financial Investments
Risk Attitude
Risk Behavior
Expected Utility
Co- efficient of Risk Aversion
Cumulative Prospect Theory
Coefficient of Loss Aversion
DOSPERT
Consumption Needs
topic Financial Investments
Risk Attitude
Risk Behavior
Expected Utility
Co- efficient of Risk Aversion
Cumulative Prospect Theory
Coefficient of Loss Aversion
DOSPERT
Consumption Needs
description Doutoramento em Gestão
publishDate 2016
dc.date.none.fl_str_mv 2016
2016-01-01T00:00:00Z
2018-05-01T00:30:11Z
dc.type.driver.fl_str_mv doctoral thesis
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/11632
TID:101490224
url http://hdl.handle.net/10400.5/11632
identifier_str_mv TID:101490224
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Vieira, Pedro Nuno Rino Carreira (2016). "Attitudes towards risk in financial decision making". Tese de Doutoramento, Universidade de Lisboa. Instituto Superior de Economia e Gestão.
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Instituto Superior de Economia e Gestão
publisher.none.fl_str_mv Instituto Superior de Economia e Gestão
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv mluisa.alvim@gmail.com
_version_ 1817549511828963328

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