Subjective risk tolerance and numeracy skills: a study in Brazil

dc.creatorJéssica Pulino Campara
dc.creatorAna Luiza Paraboni
dc.creatorNewton da Costa Jr.
dc.creatorValter Saurin
dc.creatorAna Lopes
dc.date.accessioned2023-01-19T12:05:47Z
dc.date.accessioned2025-09-08T23:44:06Z
dc.date.available2023-01-19T12:05:47Z
dc.date.issued2017
dc.identifier.doihttps://doi.org/10.1016/j.jbef.2017.04.001
dc.identifier.issn2214-6350
dc.identifier.urihttps://hdl.handle.net/1843/48984
dc.languageeng
dc.publisherUniversidade Federal de Minas Gerais
dc.relation.ispartofJournal of Behavioral and Experimental Finance
dc.rightsAcesso Restrito
dc.subjectAdministração
dc.subjectRisco
dc.subject.otherRisk tolerance
dc.subject.otherRisk aversion
dc.subject.otherNumeracy
dc.titleSubjective risk tolerance and numeracy skills: a study in Brazil
dc.typeArtigo de periódico
local.citation.epage46
local.citation.spage39
local.citation.volume14
local.description.resumoThis study is an attempt to identify the influence of numeracy skills on subjective risk tolerance in a group of Brazilian university students (n = 308). The primary findings describe a sample with a high level of numeracy skills and medium risk tolerance. It was observed that higher levels of numeracy skills do not correspond to a greater risk tolerance, probably because numeracy skills make people more cautious by giving them insight into the true risks to which they would be exposing themselves. This result was reinforced by a logistic regression analysis, which indicated that lower levels of numeracy were linked with greater predisposition to risk. Also, additional findings were that women had a lower risk tolerance, irrespective of numeracy skills, and that the exposition to financial education courses did not impact on risk behavior.
local.publisher.countryBrasil
local.publisher.departmentFCE - DEPARTAMENTO DE CIÊNCIAS ADMINISTRATIVAS
local.publisher.initialsUFMG
local.url.externahttps://www.sciencedirect.com/science/article/pii/S221463501730028X

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