[
Bannier, C.E. & Neubert, M. (2016). Gender Differences in Financial Risk Taking: The Role of Financial Literacy and Risk Tolerance. Economic Letters, 145, 130-135.
]Search in Google Scholar
[
Barsky, R.B., Juster, T.F., Kimball, M.S. & Shapiro, M.D. (1997). Preference Parameters and Behavioral Heterogeneity: An Experimental Approach in the Health and Retirement Study. Quarterly Journal of Economics, 112(2), 537-579.
]Search in Google Scholar
[
Bayar, Y., Sezgin, H.F., Ozturk, O.F. & Sasmaz, M.U. (2020). Financial Literacy and Financial Risk Tolerance of Individual Investors: Multinomial Logistic Regression Approach. SAGE Open Journals, 10(3), 1-11.
]Search in Google Scholar
[
Bayer, P.J., Bernheim, B.D. & Scholz, J.K. (2009). The Effects of Financial Education in the Workplace: Evidence from a Survey of Employers. Economic Inquiry, 47(4), 605-624.
]Search in Google Scholar
[
Bellante, D. & Green, C.A. (2004). Relative Risk Aversion among the Elderly. Review of Financial Economics, 13(3), 269-281.
]Search in Google Scholar
[
Browne, M.J., Chung, J. & Frees, E.W. (2000). International Property-Liability Insurance Con sumption. Journal of Risk and Insurance, 67(1), 73-90.
]Search in Google Scholar
[
Cohen, J. (1983). The Cost of Dichotomization. Applied Psychological Measurement, 7, 249-53.
]Search in Google Scholar
[
Chong, A. & Martinez, J.J. (2019). Does education increase risk aversion? Evidence Using Artefactual Experiments in Peru. International Center for Public Policy. Working Paper 19-17. Georgia State University, Georgia.
]Search in Google Scholar
[
Cohn, R.A., Lewellen, W.G., Lease, R.C. & Schlarbaum, G.G. (1975). Individual Investor Risk Aversion and Investment Portfolio Composition. The Journal of Finance, 30, 605-620.
]Search in Google Scholar
[
Copas, J.B. (1988). Binary Regression Models for Contaminated Data. Journal of the Royal Statistical Society: Series B, 50, 225-265.
]Search in Google Scholar
[
Courbage, C., Montoliu-Montes, G. & Rey, B. (2018), How Vulnerable Is Risk Aversion to Wealth, Health and Other Risks? An Empirical Analysis for Europe, https://shs.hal.science/halshs-01935846/file/1827.pdf (Accessed: 08.02.2024).
]Search in Google Scholar
[
Croux, C., Haesbroeck, G. & Ruwet, C. (2013). Robust Estimation for Ordinal Regression. Journal of Statistical Planning and Inference, 143, 1486-1499.
]Search in Google Scholar
[
De Paola, M. (2012). The Determinants of Risk Aversion: The Role of Intergenerational Transmission. German Economic Review, 14(2), 214-234.
]Search in Google Scholar
[
Dimmock, S.G., Kouwenberg, R., Mitchell, O.S. & Peijnenburg, K. (2016). Ambiguity Aversion and Household Portfolio Choice Puzzles: Empirical Evidence. Journal of Financial Economics, 119, 559-577.
]Search in Google Scholar
[
Doepke, M. & Zilibotti, F. (2005). Social Class and the Spirit of Capitalism. Journal of the European Economic Association, 3, 516-524.
]Search in Google Scholar
[
Dohmen, T., Falk, A., Huffman, D., Sunde, U., Schupp, J. & Wagner, G.G. (2011). Individual Risk Attitudes: Measurement, Determinants and Behavioral Consequences. Journal of the European Economic Association, 9(3), 522-550.
]Search in Google Scholar
[
Fisher, P.J. & Yao, R. (2017). Gender Differences in Financial Risk Tolerance. Journal of Economic Psychology, 61, 191-202.
]Search in Google Scholar
[
Franses, P.H. & Paap, R. (2004). Quantitative Models in Marketing Research, Cambridge University Press, Cambridge.
]Search in Google Scholar
[
Friend, I. & Blume, M.E. (1975). The Demand for Risky Assets. The American Economic Review, 65, 900-922.
]Search in Google Scholar
[
Guiso, L. & Paiella, M. (2008). Risk Aversion, Wealth, and Background Risk. Journal of the European Economic Association, 6, 1109-1150.
]Search in Google Scholar
[
Halek, M. & Eisenhauer, J.G. (2001). Demography of Risk Aversion. Journal of Risk and Insurance, 68(1), 1–24.
]Search in Google Scholar
[
Hallahan, T.A., Faff, R.W. & McKenzie, M.D. (2004). An Empirical Investigation of Personal Financial Risk Tolerance. Financial Services Review, 13, 57-78.
]Search in Google Scholar
[
Hampel, F.R., Ronchetti, E.M., Rousseeuw, P.J. & Stahel, W.A. (1986). Robust Statistics: The Approach Based on Influence Functions. John Wiley & Sons, New York.
]Search in Google Scholar
[
Harrison, G.W., Lau, M.I. & Rutstrom, E.E. (2007). Estimating Risk Attitudes in Denmark: A Field Experiment. Scandinavian Journal of Economics, 109(2), 341-368.
]Search in Google Scholar
[
Hermansson, C. & Johnson, S. (2021). The Impact of Financial Literacy and Financial Interest on Risk Tolerance. Journal of Behavioral and Experimental Finance, 29, 1-12.
]Search in Google Scholar
[
Hersch, J. (1996). Smoking, Seat Belts, and Other Risky Consumer Decisions: Differences by Gender and Race. Managerial and Decision Economics, 17(5), 471-481.
]Search in Google Scholar
[
Hochguertel, S. (2003). Precautionary Motives and Portfolio Decisions. Journal of Applied Econometrics, 18, 61-77.
]Search in Google Scholar
[
Huber, P.J. (1981). Robust Statistics. John Wiley & Sons, New York.
]Search in Google Scholar
[
Hwang, T. & Gao, S. (2003). The Determinants of the Demand for Life Insurance in an Emerging Economy. The Case of China. Managerial Finance, 29(5/6), 82-96.
]Search in Google Scholar
[
Iannario, M., Monti, A.C., Piccolo, D. & Ronchetti, E. (2017). Robust Inference for Ordinal Response Models. Electronic Journal of Statistics, 11, 3407-3445.
]Search in Google Scholar
[
Iannario, M. & Monti, A.C. (2023a). Generalized Residuals and Outlier Detection for Ordinal Data with Challenging Data Structures. Statistical Methods & Applications, 32, 1197-1216.
]Search in Google Scholar
[
Iannario, M. & Monti, A.C. (2023b). Robust Logistic Regression for Ordered and Unordered Responses. Econometrics and Statistics.
]Search in Google Scholar
[
Jianakoplos, N.A. & Bernasek, A. (1998). Financial Risk Taking by Age and Birth Cohort. Southern Economic Journal, 72(4), 981-1001.
]Search in Google Scholar
[
Jung, S. (2015). Does Education Affect Risk Aversion? Evidence from the British Education Reform. Applied Economics, 47(28), 2924-2938.
]Search in Google Scholar
[
Kapteyn, A. & Teppa, F. (2011). Subjective Measures of Risk Aversion, Fixed Costs, and Portfolio Choice. Journal of Economic Psychology, 32(4), 564-580.
]Search in Google Scholar
[
Li, J., Li, Q. & Wei, X. (2020). Financial Literacy, Household Portfolio Choice and Investment Return. Pacific-Basin Finance Journal, 62, 101370.
]Search in Google Scholar
[
Lin, F.T. (2009). Does the Risk Aversion Vary with Different Background Risk of Households? International Research Journal of Finance and Economics, 34, 69-82.
]Search in Google Scholar
[
Lusardi, A. & Mitchell, O.S. (2014). The Economic Importance of Financial Literacy: Theory and Evidence. Journal of Economic Literature, 52(1), 5-44.
]Search in Google Scholar
[
Lusardi, A. & Mitchell, O.S. (2023). The Importance of Financial Literacy: Opening a New Field. Journal of Economic Perspectives, 37(4), 137-154.
]Search in Google Scholar
[
McCullagh, P. (1980). Regression Models for Ordinal Data (with Discussion). Journal of the Royal Statistical Society, Series B, 42, 109-142.
]Search in Google Scholar
[
Outreville, J.F. (2015). The Relationship between Relative Risk Aversion and the Level of Education: A Survey and Implications for the Demand for Life Insurance. Journal of Economic Surveys, 29(1), 97-111.
]Search in Google Scholar
[
Pison, G. & Van Aelst, S. (2004). Diagnostic Plots for Robust Multivariate Methods. Journal of Computational and Graphical Statistics, 13, 310-329.
]Search in Google Scholar
[
Rousseeuw, P.J. (1984). Least Median of Squares regression. Journal of the American Statistical Association, 79, 871-880.
]Search in Google Scholar
[
Rousseeuw, P.J. (1985). Multivariate Estimation with High Breakdown Point. In: W. Grossmann, G. Pflug, I. Vincze, W. Wertz (Eds.), Mathematical Statistics and Applications (pp. 283-297). Dordrecht, Reidel.
]Search in Google Scholar
[
Scalera, V., Iannario, M. & Monti, A.C. (2021). Robust link functions. Statistics, 55, 963-977.
]Search in Google Scholar
[
Shi, X. & Yan, Z. (2018). Urbanization and Risk Preference in China: A Decomposition of Self-Selection and Assimilation Effects. China Economic Review, 49, 210-228.
]Search in Google Scholar
[
Stoian, A., Vintila, N., Iorgulescu, F., Cepoi, C.O. & Dina Manolache, A. (2021). How Risk Aversion and Financial Literacy Shape Young Adults’ Investment Preferences. MPRA Paper 109755.
]Search in Google Scholar
[
Sutter, M., Weyland, M., Untertrifaller, A. & Froitzheim, M. (2020). Financial Literacy, Risk and Time Preferences. Results from a Randomized Educational Intervention. ECONtribute Discussion Paper 19. University of Bonn and University of Cologne, Germany.
]Search in Google Scholar
[
Van Rooij, M.C.J., Lusardi, A. & Alessie R.J.M. (2011a). Financial Literacy and Retirement Planning in the Netherlands. Journal of Economic Psychology, 32, 593-608.
]Search in Google Scholar
[
Van Rooij, M.C.J., Lusardi, A. & Alessie, R.J.M. (2011b). Financial Literacy and Stock Market Participation. Journal of Financial Economics, 101(2), 449-472.
]Search in Google Scholar
[
Yao, R., Sharpe, D.L. & Wang, F. (2011). Decomposing the Age Effect on Risk Tolerance. Journal of Socio-Economics, 40, 879-887.
]Search in Google Scholar
, 