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Journals / Reforma / 2016 / Sayı: 69

DETERMINANTS OF RISK TOLERANCE: EMPIRICAL EVIDENCE FROM KYRGYZSTAN

Kamalbek KARYMSHAKOV
Raziya ABDİEVA
Burulcha SULAİMANOVA
Journal
Reforma
Pages
54–61
Publication Date
2016-05-01
DOI
—
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

The regional distribution of risk tolerance of individuals shows that individuals living in rural areas and in south region are more likely to be in risk-averse category.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:This study analyses the determinants of the risk tolerance in Kyrgyzstan, by using nationally representative “Life in Kyrgyzstan” survey for 2011.
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Key Findings & Data:The results of multinomial probit models show that men more willing to take risk and that as the age increases individuals become risk-averse.
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Conclusion & Impact:The regional distribution of risk tolerance of individuals shows that individuals living in rural areas and in south region are more likely to be in risk-averse category.
🔬Design:Survey & Empirical Study
📍Scope:2011 Verileri
⚙️Variables:risk tolerance · multinomial probit · Kyrgyzstan

Abstract

This study analyses the determinants of the risk tolerance in Kyrgyzstan, by using nationally representative “Life in Kyrgyzstan” survey for 2011. The results of multinomial probit models show that men more willing to take risk and that as the age increases individuals become risk-averse. In-creasing income and education level has a positive effect on the risk taking decision of the individual. The regional distribution of risk tolerance of individuals shows that individuals living in rural areas and in south region are more likely to be in risk-averse category.

Özet

This study analyses the determinants of the risk tolerance in Kyrgyzstan, by using nationally representative “Life in Kyrgyzstan” survey for 2011. The results of multinomial probit models show that men more willing to take risk and that as the age increases individuals become risk-averse. In-creasing income and education level has a positive effect on the risk taking decision of the individual. The regional distribution of risk tolerance of individuals shows that individuals living in rural areas and in south region are more likely to be in risk-averse category.

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Cite This Article

KARYMSHAKOV, K., ABDİEVA, R., SULAİMANOVA, B. (2016). DETERMINANTS OF RISK TOLERANCE: EMPIRICAL EVIDENCE FROM KYRGYZSTAN. Reforma, Sayı: 69, 54–61. https://ajindex.com/articles/65609

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