Risk profiling: perception and reality

• Autor(es): Leal, Nuno Alexandre de Almeida
• Data: 2009
• Identificador Persistente: http://hdl.handle.net/10400.5/2146
• Origem: Repositório da UTL
• Assunto(s): Risk Profiling; Risk Perception; Risk Aversion
• Tipo de Documento: Dissertação de mestrado
• Idioma: Inglês
• Orientador(es): Duque, João; Silva, João Andrade e
• Contribuidor(es): Repositório da Universidade de Lisboa

Descrição

Mestrado em Finanças

Retail banks classification of clients according to their risk profile has been a theme very much under discussion in the last few years. In this paper we aim to investigate, for the affluent and private banking client segment, if the perception that people have of their risk profile effectively corresponds to their real risk profile as given by a measure of historical volatility. In addition, we analyze, on the real portfolio of financial investments, the impact of each of the following factors in regard to people's attitude towards risk: age, gender, degree of education, financial situation and investment experience.