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When investing, the ability to measure attitudes to risk is very important. Measuring risk attitudes can be difficult because risk means different things to different people. What is high risk to one person may be moderate risk or even low risk to another person. This survey compares two or more methods of measuring risk and then asks some basic demographic and opinion questions for classification purposes.
Your participation in this survey is voluntary. None of the information you provide will be linked to you personally in any way. The survey is for research purposes only. Your responses will be combined with those of others and only the results of the group will be published. The risk involved in participation should be no more than are experienced in everyday life.
If you are participating through Amazon's Mechanical Turk, you will be provided with a code at the end to insure that you are compensated.
Thank you in advance for your interest and participation. |
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Suppose that you are about to retire and have two choices for a pension.
Pension A gives you an income equal to your preretirement income.
Pension B has a 50 percent chance your income will be double your preretirement income and a 50 percent chance your income will be half of your preretirement income.
You will have no other sources of income during retirement, no chance for employment, and no other family income ever in the future. All incomes are after tax.
Which pension would you choose? |
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Suppose that you are about to retire and have two choices for a pension.
Pension A gives you an income equal to your preretirement income.
Pension B has a 50 percent chance your income will be double your preretirement income and a 50 percent chance your income will be one third less than your preretirement income.
You will have no other sources of income during retirement, no chance for employment, and no other family income ever in the future. All incomes are after tax.
Which pension would you choose? |
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Suppose that you are about to retire and have two choices for a pension.
Pension A gives you an income equal to your preretirement income.
Pension B has a 50 percent chance your income will be double your preretirement income and a 50 percent chance your income will be 20 percent less than your preretirement income.
You will have no other sources of income during retirement, no chance for employment, and no other family income ever in the future. All incomes are after tax.
Which pension would you choose? |
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Suppose that you are about to retire and have two choices for a pension.
Pension A gives you an income equal to your preretirement income.
Pension B has a 50 percent chance your income will be double your preretirement income and a 50 percent chance your income will be 10 percent less than your preretirement income.
You will have no other sources of income during retirement, no chance for employment, and no other family income ever in the future. All incomes are after tax.
Which pension would you choose? |
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Suppose that you are about to retire and have two choices for a pension.
Pension A gives you an income equal to your preretirement income.
Pension B has a 50 percent chance your income will be double your preretirement income and a 50 percent chance your income will be 8 percent less than your preretirement income.
You will have no other sources of income during retirement, no chance for employment, and no other family income ever in the future. All incomes are after tax.
Which pension would you choose? |
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Suppose that you are about to retire and have two choices for a pension.
Pension A gives you an income equal to your preretirement income.
Pension B has a 50 percent chance your income will be double your preretirement income and a 50 percent chance your income will be 5 percent less than your preretirement income.
You will have no other sources of income during retirement, no chance for employment, and no other family income ever in the future. All incomes are after tax.
Which pension would you choose? |
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| When you make an investment, how long do you normally plan to hold it? |
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Suppose you had only two investment options:
Option A is a very safe investment where your principal is never at risk. Historically, Option A has produced a return equal to 0.9 percent above the rate of inflation per year.
Option B is riskier. Option B has historically returned 2.1 percent above the rate of inflation per year on average. However, in any given year the investment will vary twice as much as the market in general (e.g. if the market is up 5 percent this investment will be up 10 percent; if the market is down 5 percent this investment will be down 10 percent).
You can invest your money in any combination of the two you choose (e.g. 50/50, 60/40, 10/90, etc.) but you must invest all of your money in only these two options.
What combination would you choose?
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Now we would like to know a little more about you.
How would you rate yourself as an investor? |
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