Don’t fear risk, learn about it: how familiarity reduces perceived risk

Tal Shavit; Eyal Lahav; Mosi Rosenboim

doi:10.1080/13504851.2015.1133892

Don’t fear risk, learn about it: how familiarity reduces perceived risk

Tal Shavit, Eyal Lahav, Mosi Rosenboim

Research output: Contribution to journal › Article › peer-review

9 Scopus citations

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
Pages (from-to)	1069-1072
Number of pages	4
Journal	Applied Economics Letters
Volume	23
Issue number	15
DOIs	https://doi.org/10.1080/13504851.2015.1133892
State	Published - 12 Oct 2016
Externally published	Yes

Keywords

Risk
familiarity
financial literacy

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10.1080/13504851.2015.1133892

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title = "Don{\textquoteright}t fear risk, learn about it: how familiarity reduces perceived risk",

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{\textquoteright}s return relative to its risk.",

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Don’t fear risk, learn about it: how familiarity reduces perceived risk

Abstract

Keywords

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