“…Used by many financial professionals to determine appropriate investment choices for their clients, risk tolerance may also influence how individuals invest for their short-and long-term goals, such as a down payment for a house, saving for their children's education, or retirement (Grable, 2008). Research on risk tolerance has repeatedly found young, single, white males with higher income and higher education to have greater risk tolerance (Gibson et al, 2013;Grable, 2000Grable, , 2008Yao et al, 2011). Individuals with higher financial knowledge are also more likely to be risk tolerant (Gibson et al, 2013;Grable, 2000Grable, , 2008.…”