Risk attitudes as an independent predictor of debt

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dc.contributor.author Daly, Michael
dc.contributor.author Delaney, Liam
dc.contributor.author McManus, Séamus
dc.date.accessioned 2011-01-07T17:23:08Z
dc.date.available 2011-01-07T17:23:08Z
dc.date.issued 2010-09-17
dc.identifier.uri http://hdl.handle.net/10197/2701
dc.description.abstract This paper examines how attitudes to risk relate to other psychological constructs of personality and consideration of future consequences (a proxy for time preferences) and how risk attitudes relate to credit behaviour and debt holdings. There is a small correlation between risk attitudes and consideration of future consequences. As regards personality, risk attitudes are most positively related to extraversion and openness to experience and are negatively related to neuroticism. Risk willingness is a robust predictor of debt holdings even controlling for demographics, personality, consideration of future consequences and other covariates. en
dc.description.sponsorship Not applicable en
dc.format.extent 291743 bytes
dc.format.mimetype application/pdf
dc.language.iso en en
dc.publisher University College Dublin. Geary Institute en
dc.relation.ispartofseries UCD Geary Institute Discussion Paper Series en
dc.relation.ispartofseries WP 10 49 en
dc.relation.requires Economists Online Collection en
dc.subject.classification D81 en
dc.subject.classification D12 en
dc.subject.lcsh Risk-taking (Psychology)--Economic aspects en
dc.subject.lcsh Debt en
dc.subject.lcsh Finance, Personal--Psychological aspects en
dc.title Risk attitudes as an independent predictor of debt en
dc.type Working Paper en
dc.internal.availability Full text available en
dc.internal.webversions http://ideas.repec.org/p/ucd/wpaper/201049.html en
dc.status Not peer reviewed en
dc.neeo.contributor Daly|Michael|aut| en
dc.neeo.contributor Delaney |Liam|aut|UCD0004 en
dc.neeo.contributor McManus|Séamus |aut| en

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