RISK TOLERANCE, TIME HORIZON, AND ESTATE INTENTIONS: JUST HOW IMPORTANT ARE “CIRCUMSTANCES AND ASSOCIATED EMOTIONS”?

This study tests the importance of socio-demographic and psychological variables for investor intentions, including risk tolerance, time horizon, estate intentions. Overall, hope is variable most consistently related to dependent Age, household income, investment experience, work experience pale in comparison with openness new both which are positively associated variables. Pro-social attitudes also important as a moderating variable. The interesting findings that women higher levels education have whereas men lower contrary previous research showing be males more tolerant than females. Old stereotypes regarding gender preferences need re-examined. Much existing literature based on from decades past, when sex roles were differentiated, same marriage was illegal, women’s career opportunities constrained. As Pan Statman (2012; 2013) suggest, circumstances such changing family patterns can affect behaviors. demonstrates positive psychology emotions or confidence future may serve inoculate investors panic selling lessen likelihood excessive trading. Consequently, crisis less prone wealth-destroying behavior “going cash.” Conversely, low likely engage