Welcome to the 2018 AFS Annual Meeting, being held this year, in conjunction with FPA in Chicago!
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Tuesday, October 2 • 2:30pm - 3:20pm
E2b - Two-Factor Risk Preference and Credit Card Risk

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This paper extends on previous research into the effects of financial self-efficacy (FSE) and risk tolerance on the financial satisfaction of credit-card users by integrating both of these measures of risk preferences.  We find that FSE and risk tolerance are similar in that they both predict risk preferences, however they differ in how they operate.  This suggests that planners using both a risk tolerance assessment and an FSE can better anticipate thir clients risk preferences and reactions than those who use a risk tolerance assessment alone.

Author(s): Patrick Payne, Sarah Asebedo


Patrick Payne

Assistant Professor of Finance, Western Carolina University

Tuesday October 2, 2018 2:30pm - 3:20pm CDT
Michigan 1B

Attendees (1)