Journal of
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Archive » December 2015 » Financial disclosure, risk perception and investment choices

Financial disclosure, risk perception and investment choices

Monica Gentile, Nadia Linciano, Caterina Lucarelli, Paola Soccorso
December 2015 - n. 12
Jel codes: D03, D18, D81

Evidences from a consumer testing exercise applied to a sample of about 300 customers of eight italian banks show that risk perception is context-dependent and mainly determined by the way financial information is disclosed. It also highlights that simplifying financial disclosure is not sufficient to ensure correct risk perception and unbiased investment choices, and that effective investor education programmes are needed

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