Does financial literacy alleviate risk attitude and risk behavior inconsistency?

This study investigates the relationship between risk preference and risk behavior using the China Household Finance Survey (CHFS). Empirical results suggest the existence of an inconsistency between risk preference and risk behavior; however, financial literacy affects this inconsistency. Financial...

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Bibliographic Details
Published in:International review of economics & finance 2021-07, Vol.74, p.293-310
Main Authors: Korkmaz, Aslihan Gizem, Yin, Zhichao, Yue, Pengpeng, Zhou, Haigang
Format: Article
Language:English
Subjects:
Financial literacy
Inconsistency
Risk behavior
Risk preference
Risk propensity
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