Do Our Experiences Determine Our Risk Preferences?

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Below you will find a link to an interview with Joachim Klement, CFA, of Wellershoff & Partners LTD., who shares his observations on how our genes, past and experiences we all have had in our lives, determine the way we react to, and perceive, risk. These observations are valid for every part of human behaviour but they seem to be especially important in finances and in the investment decision process. Understanding the experiences of the person you are interviewing and the way he or she reacted to different stress situations in their life could present a much better picture of their risk profile and attitude than simply asking standardized questions.

For the interview, please check this link to the CFA Insitute Take 15 series.

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