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Volume

56

Issue

7

Abstract

This article provides a brief review of investment risk tolerance, clarifications of terms used to describe risk attitudes, and a description of an online tool, the Investment Risk Tolerance Assessment (IRTA). The IRTA is a research-based tool that provides a score indicating a personalized analysis of a user's willingness to take financial risk. Extension educators can add value to the lives of their clientele by providing assistance in assessing risk tolerance in a valid and reliable manner. For this reason, the IRTA should be a useful addition to Extension educators' toolboxes.

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