Interplay of Investors' Financial Knowledge and Risk Taking

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Subjective Knowledge in Consumer Financial Decisions (2013, background): “We predicted that participants would allocate more money to an investment option about which they felt more knowledgeable and that SK would be affected by both PI and MI manipulations.”
Financial Literacy and Financial Risk Tolerance of Individual Investors: Multinomial Logistic Regression Approach (2020, background): “Hence, our findings were consistent with theoretical expectation and also jibed with the findings of Masters (1989), Grable and Joo (1999), Grable (2000), Wang (2009), Grohmann et al. (2014), Bajo et al. (2015), and Nguyen et al. (2016).”