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John E. Grable

Bio: John E. Grable is an academic researcher from University of Georgia. The author has contributed to research in topics: Financial risk & Financial plan. The author has an hindex of 35, co-authored 140 publications receiving 4659 citations. Previous affiliations of John E. Grable include Rutgers University & Texas Tech University.


Papers
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TL;DR: In this article, the authors extend the investigative line of inquiry regarding risk taking in everyday money matters by examining demographic, socioeconomic, and attitudinal characteristics that may be used either individually or in combination as determinants of financial risk tolerance.
Abstract: The purpose of this research was to extend the investigative line of inquiry, as initiated by Carducci and Wong (1998), regarding risk taking in everyday money matters by examining demographic, socioeconomic, and attitudinal characteristics that may be used either individually or in combination as determinants of financial risk tolerance. Discriminant analysis results indicated that risk tolerance was associated with being male, older, married, professionally employed with higher incomes, more education, more financial knowledge, and increased economic expectations. Findings suggest that the achievement of financial success can be explained, at least in part, by a combination of someone's personality characteristics and socioeconomic background.

571 citations

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TL;DR: In this paper, the authors present a framework for understanding the determinants of financial satisfaction, including financial behaviors, financial stress levels, income, financial knowledge, financial solvency, risk tolerance and education.
Abstract: This paper presents a description of the development and testing of a framework for understanding the determinants of financial satisfaction. This study used data obtained from a random sample of white-collar clerical workers (N = 220). Direct, as well as indirect, effects on financial satisfaction were identified using a path analysis method. It was determined that financial satisfaction is related, both directly and indirectly, with diverse factors including financial behaviors, financial stress levels, income, financial knowledge, financial solvency, risk tolerance, and education. Findings support the continued and increased use of targeted education initiatives directed at improving the financial literacy and behavior of family and consumer economics constituencies.

529 citations

Journal ArticleDOI
TL;DR: In this paper, the authors explored conceptual, methodological, and empirical issues related to the development of a financial risk-tolerance assessment instrument and proposed a 13-item risk assessment instrument.

362 citations

Journal Article
TL;DR: In this article, a study was designed to determine what variables would differentiate between levels of investor risk tolerance and classify individuals into risk tolerance categories using data from the 1992 Survey of Consumer Finances.
Abstract: This study was designed to determine what variables would differentiate between levels of investor risk tolerance and classify individuals into risk tolerance categories. A model was developed and empirically tested using data from the 1992 Survey of Consumer Finances. Multiple discriminant analysis indicated that the educational level of respondents was the most significant differentiating and classifying factor. Gender, self-employment status, and income also were found to be effective in discriminating among levels of risk tolerance. Demographic characteristic provide only a starting point in accessing investor risk tolerance. More research is needed to explain variations in risk tolerance.

248 citations

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TL;DR: In this article, the authors propose that greater financial burdens may lead students to reduce coursework or drop out of school for paid work, leading to fewer hours of coursework and a higher dropout rate.
Abstract: Staying in school and graduating on time is an important factor for students and their families. Greater financial burdens may lead students to reduce coursework or drop out of school for paid work...

149 citations


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5,680 citations

Posted Content
TL;DR: In this article, the authors introduce the concept of ''search'' where a buyer wanting to get a better price, is forced to question sellers, and deal with various aspects of finding the necessary information.
Abstract: The author systematically examines one of the important issues of information — establishing the market price. He introduces the concept of «search» — where a buyer wanting to get a better price, is forced to question sellers. The article deals with various aspects of finding the necessary information.

3,790 citations

Journal Article
TL;DR: Thaler and Sunstein this paper described a general explanation of and advocacy for libertarian paternalism, a term coined by the authors in earlier publications, as a general approach to how leaders, systems, organizations, and governments can nudge people to do the things the nudgers want and need done for the betterment of the nudgees, or of society.
Abstract: NUDGE: IMPROVING DECISIONS ABOUT HEALTH, WEALTH, AND HAPPINESS by Richard H. Thaler and Cass R. Sunstein Penguin Books, 2009, 312 pp, ISBN 978-0-14-311526-7This book is best described formally as a general explanation of and advocacy for libertarian paternalism, a term coined by the authors in earlier publications. Informally, it is about how leaders, systems, organizations, and governments can nudge people to do the things the nudgers want and need done for the betterment of the nudgees, or of society. It is paternalism in the sense that "it is legitimate for choice architects to try to influence people's behavior in order to make their lives longer, healthier, and better", (p. 5) It is libertarian in that "people should be free to do what they like - and to opt out of undesirable arrangements if they want to do so", (p. 5) The built-in possibility of opting out or making a different choice preserves freedom of choice even though people's behavior has been influenced by the nature of the presentation of the information or by the structure of the decisionmaking system. I had never heard of libertarian paternalism before reading this book, and I now find it fascinating.Written for a general audience, this book contains mostly social and behavioral science theory and models, but there is considerable discussion of structure and process that has roots in mathematical and quantitative modeling. One of the main applications of this social system is economic choice in investing, selecting and purchasing products and services, systems of taxes, banking (mortgages, borrowing, savings), and retirement systems. Other quantitative social choice systems discussed include environmental effects, health care plans, gambling, and organ donations. Softer issues that are also subject to a nudge-based approach are marriage, education, eating, drinking, smoking, influence, spread of information, and politics. There is something in this book for everyone.The basis for this libertarian paternalism concept is in the social theory called "science of choice", the study of the design and implementation of influence systems on various kinds of people. The terms Econs and Humans, are used to refer to people with either considerable or little rational decision-making talent, respectively. The various libertarian paternalism concepts and systems presented are tested and compared in light of these two types of people. Two foundational issues that this book has in common with another book, Network of Echoes: Imitation, Innovation and Invisible Leaders, that was also reviewed for this issue of the Journal are that 1 ) there are two modes of thinking (or components of the brain) - an automatic (intuitive) process and a reflective (rational) process and 2) the need for conformity and the desire for imitation are powerful forces in human behavior. …

3,435 citations

01 Jan 2016
TL;DR: The multivariate data analysis with readings is universally compatible with any devices to read and is available in the book collection an online access to it is set as public so you can download it instantly.
Abstract: Thank you very much for reading multivariate data analysis with readings. As you may know, people have look hundreds times for their favorite books like this multivariate data analysis with readings, but end up in malicious downloads. Rather than reading a good book with a cup of coffee in the afternoon, instead they are facing with some infectious virus inside their desktop computer. multivariate data analysis with readings is available in our book collection an online access to it is set as public so you can download it instantly. Our books collection saves in multiple countries, allowing you to get the most less latency time to download any of our books like this one. Kindly say, the multivariate data analysis with readings is universally compatible with any devices to read.

1,163 citations

Journal ArticleDOI
TL;DR: It is generally believed that the teacher is the nation builder as mentioned in this paper, and therefore it is important that these same issues be addressed with access to the necessary resources or controls for small business.

970 citations