Różne podejścia do mierzenia ryzyka inwestycyjnego ‒ perspektywa psychologiczna i finansowa
Different Ways of Measuring Investment Risk – the Psychological vs. the Financial Perspective

Summary/Abstract: The paper tests the compatibility of different measures of investor propensity to take on risk. We compared results obtained from the psychological measures SIRI and DOSPERT, which are questionnaires to standard deviation of a constructed portfolio’s returns, a financial measure. An empirical analysis was conducted on a database of decisions made by participants of a stock market game from the business press publisher, “Parkiet”. We found that psychological and financial measures are not compatible for explaining the willingness to take on risk in investing.

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