Finance Professor Meir Statman Head Shot

Finance Professor Meir Statman Head Shot

Meir Statman : Risk Assessment and Behavioral Science

Glenn Klimek Professor of Finance Meir Statman Head Shot

Meir Statman, Glenn Klimek Professor of Finance, was quoted in an article by U.S. News & World Report explaining mental accounting’s role when deciding to spend or save money. He was additionally quoted in articles by Etf Guide and Next Avenue discussing topics such as behavioral science and the human psyche and tax reform’s potential impact on retirement. Statman’s article published in the Wall Street Journal addresses questions that financial advisers and risk questionnaires ask to discover risk tolerance, and how your tolerance might differ from what the questionnaires are concluding.

“The truth is that the questions advisers ask often don’t measure what they purport to,” Statmam writes in the Wall Street Journal. “Instead, they take all sorts of different concepts—such as regret, fear and overconfidence—and they lump them all together under this vague concept called risk. Each of those things is worth understanding and examining on its own. But to call them risk ends up distorting more than clarifying, and leaves investors with portfolios that may be disturbingly inappropriate for their goals.”

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