Financial risk information avoidance
Anna Blajer-Gołębiewska , Dagmara Wach , Maciej Kos
AbstractAvailability of information is one of the most important factors for financial decision-makers. Having complete information about the probability of losing money should always leave decision-makers better off. However, in some situations financial decision-makers prefer to know less than more. In this study we investigated the impact of selected characteristics of financial threats on individuals’ decisions to avoid risk information in an incentivised online experiment. We found that threat severity, relative risk, and effectiveness of threat prevention alone do not influence decisions to avoid risk information. However, we did find an interaction effect between the first two treatments. Furthermore, our data suggest that coping style, locus of control, and anticipated emotional response are statistically significant predictors of financial risk information avoidance.
|Journal series||Ekonomska Istrazivanja-Economic Research, ISSN 1331-677X, (A 15 pkt)|
|Publication size in sheets||0.75|
|Keywords in English||criteria for decision-making under risk and uncertainty, behavioural finance, behavioural microeconomics, design of experiments, information, uncertainty|
|License||Journal (articles only); published final; ; with publication|
|Score|| = 15.0, 03-04-2018, ArticleFromJournal|
= 15.0, 03-04-2018, ArticleFromJournal
|Publication indicators||: 2016 = 0.742 (2) - 2016=0.559 (5)|
* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.