The thesis focuses on estimation of household total risk exposure and factors affecting this estimation. The risk is represented with a financial loss of 20k CZK in the next month and with a financial loss of 50k CZK in the next 12 months. Nearly a half of participants in the survey (n=55) estimates the likelihood of this financial shock as being low, however the number of participants with high estimate increases for the next 12 months. The estimate of total risk exposure increases with age, for self-employed and single parents, next with income and assets, however overall wealth decreases the estimate. Significant factors are education, financial behaviour and cognitive abilities which all have a decreasing effect on the estimate. Availability is considered as significant having a positive effect while biased evaluation of risks has a negative effect. Time preferences can play an important role in the estimation of a long-term risk.
| Identifer | oai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:71760 |
| Date | January 2011 |
| Creators | Frömel, Jaroslav |
| Contributors | Koblovský, Petr, Svoboda, Miroslav |
| Publisher | Vysoká škola ekonomická v Praze |
| Source Sets | Czech ETDs |
| Language | Czech |
| Detected Language | English |
| Type | info:eu-repo/semantics/masterThesis |
| Rights | info:eu-repo/semantics/restrictedAccess |
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