The purpose of this poster is to describe a study that was undertaken to determine if an individual's mood is associated with the individual's responses to a set of CRRA questions. It was thought that if such an association exists, then it is likely that Loewenstein et al.'s (2001)...

Using a sample of 386 financial advisors and 458 of their clients, the study sought to determine how effective financial advisors and clients are at estimating risk-tolerance, and to test how well items from a risk tolerance test and demographic information can represent the judgmental process...