Investigating Risky Investment Decisions: The Co-existence of Financial Know, Risk Appetite, and Planned Behaviour

Abstract

This study examines financial knowledge and risk foundation affect the choice of university students to invest in risky business. The tests indicate a likely link between financial literacy and higher risk tolerance levels, greater investment inclination, and more confidence in personal control over financial matters. Nonetheless, experiment didn't reveal that cognitive biases that influence risk perception mediate (moderate) relationship between financial education and whether people tend to invest in risky ways. The report declares that financial knowledge should be some obligatory training for students given only the increase of financial knowledge and risk perception together is capable to help young investors make right decisions.