Economic Thinking and Risk Attitudes: An Empirical Study
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Peter Slepcevic-Zach
Department of Business Education and Development Karl-Franzens-University of Graz Thomas Koeppel Department of Business Education and Development Karl-Franzens-University of Graz Corresponding Author: Peter Slepcevic-Zach |
ABSTRACT
In the light of the current economic crisis, which had its roots in high risk dealings in the international financial markets, the question how economically minded students are and what propensity towards risk they have, are essential to improving their financial literacy. In a broad survey including economic and non-economic schools 649 students aged 14 and 18 were questioned. In this paper results are presented and implications for classroom teaching and curricular development are derived.
Keywords: economic crisis, international financial markets, financial literacy
In the light of the current economic crisis, which had its roots in high risk dealings in the international financial markets, the question how economically minded students are and what propensity towards risk they have, are essential to improving their financial literacy. In a broad survey including economic and non-economic schools 649 students aged 14 and 18 were questioned. In this paper results are presented and implications for classroom teaching and curricular development are derived.
Keywords: economic crisis, international financial markets, financial literacy
Preferred Citation:
Slepcevic-Zach, P. & Koeppel, T. (2010). Economic thinking and risk attitudes: An empirical study. International Journal for Business Education. No. 151, 46 - 52.
Slepcevic-Zach, P. & Koeppel, T. (2010). Economic thinking and risk attitudes: An empirical study. International Journal for Business Education. No. 151, 46 - 52.
