Welcome to the Academy of Financial Service’s 2019 Annual Meeting being held in Minneapolis, Minnesota in conjunction with FPA’s Annual Conference 2019. This is the full agenda for AFS. For details on FPA items, visit their Full Schedule. Please report any errors to support@academyfinancial.org.
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Tuesday, October 15 • 2:30pm - 3:20pm
D1b Moderation of Confidence Level on the Impact of Investment Risk Tolerance on Portfolio Risk [CFP Investment Issues]

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Investors need to carefully select the proportion of various assets to minimize the portfolio risk for a given expected return. Appropriate portfolio risk is good for investment. This study analyzes the relationship between financial risk tolerance, confidence levels, and investment portfolio risk. Meanwhile, this paper uses the level of confidence to measure the overestimation or underestimation of financial knowledge and contributes to the literature by demonstrating whether over-confidence or under-confidence of financial knowledge affects portfolio risk and whether it moderates the impact of investment risk tolerance on portfolio risk.

Author(s): Zheying Yao, Abed Rabbani


Zheying (Anthea) Yao

PhD Student, University of Missouri - Columbia

Tuesday October 15, 2019 2:30pm - 3:20pm CDT
201 A

Attendees (6)