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Retirement Investor Risk Tolerance in Tranquil and Crisis Periods: Experimental Survey Evidence
Social Science Research Network Aug. 26, 2010
Excerpt: We conduct a choice experiment to investigate the impact of the financial crisis of 2008 on retirement saver investment choice and risk aversion. Analysis of estimated individual risk parameters shows a small increase in mean risk aversion between the relatively tranquil period of early 2007 and the crisis conditions of late 2008.
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