Grable, John E.; Rabbani, Abed; Heo, Wookjae - In: Risks : open access journal 12 (2024) 7, pp. 1-16
Financial risk aversion and financial risk tolerance are sometimes considered to be ‘opposite sides of the same coin …’, with the implication being that risk aversion (a term describing the unwillingness of an investor to take risks based on a … alternative way of viewing these constructs. We show that risk aversion and risk tolerance act as complementary factors in models …