Increased awareness about financial products and terminology will give an edge on the individual ... also possible that he will be better off compared to his classmates and peers going forward.

Dear Sophia,

Good question, these are some good reads! Let us know your views, whenever you were done with this research!

Best regards,

J.

https://pdfs.semanticscholar.org/2790/ed8f8ea9e9787caa515ce75777f88f098fac.pdf

https://jphadvisory.com/behavioral-finance-bias-investing/

Article The Psychology and Neuroscience of Financial Decision Making

https://www.inc.com/business-insider/15-cognitive-biases-mindset-wont-let-you-create-wealth-impact-habits.html

https://www.tilburguniversity.edu/upload/b2e25cf9-dcc1-424d-95ed-cabbd00f3d8c_siegel.pdf

https://www.jstor.org/stable/3696422

Dear,

Risk appetite is mainly depends on how we grow up and how we have learned different things. obviously your parents income level, social class u belongs and the society where you have grown up have impact on risk appetite and investment decisions.

please share your results once you done with it. Good Luck

Increased awareness about financial products and terminology will give an edge on the individual ... also possible that he will be better off compared to his classmates and peers going forward.

Dear Sophia,

Very relevant question,

Yes, our childhood memories,our childhood environment,our childhood experiences go a long way in deciding our financial decision making later in life.In case, one know someone in his/her family who made abundance of money in stock market,he/she will definitely be going to enter the stock markets to reap the benefits,but the other side of the coin is also true.The person who has experienced a safe and secure childhood,he will be more prone towards secure securities like Debentures,Bonds,National Savings Certificates(in India),and Public Provident Fund,again a secure post office scheme in my country(India). I firmly believe that investing is related to our learned behaviour.

Thanks

Family as well as the broader social environment (beyond our genes) play significant role shaping our attitudes towards risk taking (investment always involves some degree of risk taking). Institutional framework is also very important factor (probably the most important factor) shaping mentalities and risk attitudes. For example the general belief is that in Greece we are more risk averse than, say, the US. I don't know if there are studies supporting this belief. It may be true however that Greeks are much more positive in getting a job in the public sector (zero risk) whereas in the US working in the public sector is not highly regarded. Historically, Greeks were risk lovers. However when the institutional environment becomes hostile for investors (as it is the case in Greece for the last decades) it is normal that people become risk averse.