Investment is a risky activity where ‘‘investors have to predict the unknown realization of marke... more Investment is a risky activity where ‘‘investors have to predict the unknown realization of market outcomes at the time of purchase’’ The object of this study is to explore the effect of education level, age and gender among novice investors. A survey questionnaire was prepared in order to collect subjects’ demographic profiles and their risk-taking approach information. Liner regression is used to determine the relationship between variables and risk-taking behavior which is collected through questionnaire too. The results show kind of inverse relationship between age and risk-taking attitude. With age increasing, high-risk actions will decrease and individuals become more conservative. Similar results are found for education level. Analyses show that people with higher education level take more risk than whom with lower school degrees.
Investment is a risky activity where ‘‘investors have to predict the unknown realization of marke... more Investment is a risky activity where ‘‘investors have to predict the unknown realization of market outcomes at the time of purchase’’ The object of this study is to explore the effect of education level, age and gender among novice investors. A survey questionnaire was prepared in order to collect subjects’ demographic profiles and their risk-taking approach information. Liner regression is used to determine the relationship between variables and risk-taking behavior which is collected through questionnaire too. The results show kind of inverse relationship between age and risk-taking attitude. With age increasing, high-risk actions will decrease and individuals become more conservative. Similar results are found for education level. Analyses show that people with higher education level take more risk than whom with lower school degrees.
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