All sessions will take place in Central Daylight Time!
POSTER PRESENTATIONS:
Poster presentations are available to view from May 18 through May 23 via ACCI’s (unlisted) YouTube Channel Poster Playlist sent out with the Zoom meeting room links to all attendees.
Poster are listed in this schedule on the last day at 6 PM so they appear at the end. Please scroll to the end to find the poster numbers, titles, descriptions, and presenters.
Be sure to live Tweet during the event! #accivirtual2020 and visit our Facebook page for photos @americancouncilonconsumerinterests.
Households search for information in order to make better decisions about purchases and financial decisions. Optimal search for financial resources depends on both the expected gains from the financial resources as well as the time and monetary cost of searching. This paper investigates the associations between risk tolerance and investment searching behavior. The study offers a theoretical framework for the possible mechanisms of risk tolerance on searching behavior for investments. Empirical results using 2016 Survey of Consumer Finances (SCF) dataset show positive relationships between two measures of risk tolerance and search effort for investments. The results also support three hypothesized channels of risk tolerance on searching, that the risk tolerance may be related with the amount of asset, the type of asset, and the tolerated expected value loss. The relationships between search behavior and other covariates are also explored.
