Recent Research Publications

LAB PUBLICATIONS: 2020 – 2024 Journal Articles

Heo, W., Kim, E., Kwak, E-J., Grable, J. E. (2024). Identifying hidden factors associated with household emergency fund holdings: A machine learning application. Mathematics, 12, 182. doi.org/10.3390/math1s0s0182

Grable, J. E., Kwak, E-J., & Archuleta, K. (2023). Distrust of banks among the unbanked and banked. International Journal of Bank Marketing, 41(6), 1498-1520.

Grable, J. E., & Rabbani, A. (2023). The moderating effect of financial knowledge on financial risk tolerance. Journal of Risk and Financial Management, 16(2), 137. doi.org/10.3390/jrfm16020137

Kruger, M., Grable, J. E., Palmer, L, & Goetz, J. (2023). Factors associated with couples pooling their finances. Contemporary Family Therapy. doi.10.1007/s10591-023-09666-9

Moon, K., Heo, W., Lee, J. M., & Grable, J. E. (2023). Financial stress and COVID-19: A comprehensive analysis of the factors associated with the pandemic. Risks, 11(12), 218. doi.org/10.3390/risks11120218

Grable, J. E., Kwak, E-J., Chen, P-J. (2022). An evaluation of the association between marital status and financial risk tolerance. Journal of Financial Planning, 35(7), 84-96.

Grable, J. E., Mattia, L., West, C. L., Leitz, L. Y., & Rehl, K. M. (2022). Financial satisfaction postwidowhood: The role of resilience. Journal of Financial Service Professionals, 76(4), 54-64.

Grable, J. E., Warmath, D., & Kwak, E-J. (2022). An Assessment of the Association between Political Orientation and Financial Risk Tolerance. Journal of Risk and Financial Management, 15(5), 199. doi.org/10.3390/jrfm15050199

Grable, J. E., & Kwak, E-J. (2022). The disappointment dilemma: The role of expectation proclivity and disappointment aversion in describing financial risk aversion and investing risk-taking behavior. Journal of Financial Counseling and Planning. https://connect.springerpub.com/content/sgrjfcp/early/2022/02/11/jfcp-2021-0012

Grable, J. E., Kwak, E-J., & Heo W. (2022). Does miscalibration of financial risk tolerance describe portfolio holdings? Academia Letters, Article 5384.

Grable, J. E., & Kwak, E-J. (2022). An evaluation of the consistency of financial risk-aversion estimates. Journal of Personal Finance, 21(1), 19-30.

Heo, W., Rabbani, A., Grable, J. E., & Roszkowski, M. (2022). The alpha and omega of financial risk-tolerance assessment. Financial Planning Review, 5, 2022;e1138. https://doi.org/10.1002/cfp2.1138

Rabbani, A., & Grable, J. E. (2022). Can portfolio risk be described with estimates of financial risk tolerance calibration? Finance Research Letters, 102492

Exley, J. W., Doyle, P., Campbell, W. K., & Grable, J. E. (2022). OCEAN wealth profiles: A latent profile analysis of personality traits and financial outcomes. Personality and Individual Differences, 185, 111300. https://doi.org/10.1016/j.paid.2021.111300

Warmath, D., Chen, P-J., Kwak, E-J., & Grable, J. E. (2021). Soft landings: Extending the cushion hypothesis to financial well-being in collectivistic cultures. Journal of Consumer Affairs, 55(4), 1563-1590. https://doi.org/10.1111/joca.12408

Rabbani, A., Heo, W., & Grable, J. E. (2021). The role of financial literacy in describing the use of professional financial advisors before and during the COVID-19 pandemic. Journal of Financial Service Marketing, 26, 226-236. https://doi.org/10.1057/s41264-021-00109-w

Grable, J. E., & Kwak, E-J. (2021). The role of disappointment aversion and expectation proclivity in describing financial risk aversion among financial decision makers. International Journal of Bank Marketing, 39, 1333-1352. https://doi.org/10.1108/IJBM-12-2020-0593

Rabbani, A. G., Grable, J. E., O’Neill, B., Lawrence, F., & Yao, Z. (2021, in press). Financial risk tolerance before and after a stock market shock: Testing the recency bias hypothesis. Journal of Financial Counseling and Planning, 32(2), 294-310.

Byram, J. L., Grable, J., White, K. J., Thomas, M., & Watkins, K. (2021). Improving youth financial literacy: A profile of middle school camp attendees. Journal of Extension, 59(4). Article 2. https://doi.org/10.34068/joe.59.04.02

Grable, J. E., Kruger, M., Byram, J-L., & Kwak, E-J. (2021). Perceptions of a Partner’s spending and saving behavior and financial satisfaction. Journal of Financial Therapy 12(1), 31-50.

Grable, J. E., Joo, S-H., & Kwak, E-J. (2021). Describing gambling affinity: The role of personality traits. Journal of Financial Therapy, 12(1), 102-126.

Rabbani, A., Yao, Z., Wang, C., & Grable, J. E. (2021). Financial risk tolerance, sensation seeking, and locus of control among pre-retirement baby boomers. Journal of Financial Counseling and Planning, 32(1), 148-157.

Heo, W., Rabbani, A., & Grable, J. E. (2021). An evaluation of the effect of the COVID-19 pandemic on the risk tolerance of financial decision makers. Finance Research Letters. doi.org/10.1016/j.frl.2020.101842

Grable, J. E., Kwak, E-J., Fulk, M., & Routh, A. (2020). A simplified measure of investor risk aversion. Journal of Interdisciplinary Economics, 32. https://doi.org/10.1177/0260107920924518

Heo, W., Park, N., Lee, J-M., & Grable, J. E. (2020). Using artificial neural network techniques to improve the description and prediction of household financial ratios. Journal of Behavioral and Experimental Finance, 100273. https://doi.org/10.1016/j.jbef.2020.100273

Grable, J. Joo, S-H., & Kwak, E-J. (2020). An assessment of the strength of association between stated and revealed risk preference measures. Korean Financial Planning Review, 13(3), 77-98.

Mattia, L., Kwak, E-J., Grable, J. E., West, C. L., Leitz, L. Y., & Rehl, K M. (2020). Self-empowerment among widows: A financial planning perspective. Journal of Financial Planning, 33(10), 52-60.

Grable, J., Hubble, A., & Kruger, M. (2020). Do as I say, not as I do: An analysis of portfolio development recommendations made by financial advisors. The Journal of Wealth Management, 22(4), 62-73.

Heo, W., Grable, J. E., & Rabbani, A. (2020). A Test of the Association between the Initial Surge in COVID-19 Cases and Subsequent Changes in Financial Risk Tolerance. Review of Behavioral Finance. https://doi.org/10.1108/RBF-06-2020-0121

Grable, J. E., Hubble, A., Kruger, M., Byram, J-L., Ford, M., & Clement, G. O. (2020). Risk tolerance. Beware when clients are in a bad mood. Journal of Financial Service Professionals, 74(1), 46-55.

Grable, J. E., Heo, W., & Rabbani, A. (2020). Characteristics of random responders in a financial risk tolerance questionnaire. Journal of Financial Services Marketing. https://doi.org/10.1057/s41264-020-00078-6





Investment and Economics Columns Published in the Journal of Financial Service Professionals and Other Journals

Grable, J. E., & Hubble, A. (2022). Bonds: A point-counterpoint discussion. Journal of Financial Service Professions, 76(3), 18-22.

Grable, J. E., & Hubble, A. (2022). Fit-for-purpose: What it means in the context of risk-tolerance assessment. Journal of Financial Service Professionals, 76(1), 10-13.

Grable, J. E., & Cupples, S. (2021). Three long-term savings strategies for adventurous investors. Journal of Financial Service Professionals, 75(3), 13-16.

Grable, J. E. (2021). Market corrections, panics, and COVID-19. Journal of Financial Service Professionals, 75(1), 10-13.

Bogan, V. L., Geczy, C. C., & Grable, J. E. (2020). Financial planning: A research agenda for the next decade. Financial Planning Review, 2020;e1094. https//doi.org/10.1002/cfp2.1094Grable, J. E. (2020). Do presidential elections predict market returns? Journal of Financial Service Professionals, 74(5), 11-14.

Grable, J. E. (2020). How reliable is your risk-tolerance questionnaire? Journal of Financial Service Professionals, 74(3), 10-14.

Grable, J. E. (2020). Are Americans financially illiterate? Journal of Financial Service Professionals, 74(1), 11-14.

Grable, J. E. (2019). An introduction to Kondratieff waves. Journal of Financial Service Professionals, 73(3), 19-22.

Heo, W., & Grable, J. E. (2019). A new method for anticipating changes in investment market conditions. Journal of financial Service Professionals, 73(1), 18-23.

Grable, J. E., & Lyons, A. C. (2018). An introduction to big data. Journal of Financial Services Professionals, 72(5), 17-20.

Grable, J. E. (2018). Another look at risk-profiling. Journal of Financial Service Professionals, 72(3), 18-21.

Grable, J. E., & Rabbani, A. (2017). Does engagement in the stock market shape willingness to take financial risk? Journal of Financial Service Professionals, 71(5), 17-20.

Heo, W., & Grable, J. E. (2017). Demand for life insurance: A consumer perspective. Journal of Financial Service Professionals, 71(3), 19-22.

Grable, J. E., & Heo, W. (2017). Insights into the relationship between risk tolerance and market volatility. Journal of Financial Service Professionals, 71(1), 16-20.

Grable, J. E., & Chatterjee, S. (2016). What you need to know about constant relative risk aversion. Journal of Financial Service Professionals, 70(5), 16-18.

Grable, J. E., & Heo, W. (2016). Risk tolerance and changes in equity ownership. Journal of Financial Service Professionals, 70(3), 20-22.

Grable, J. E., & Chatterjee, S. (2016). Sequence of returns risk before retirement. Journal of Financial Service Professionals, 70(1), 16-19.

Grable, J. E., & Chatterjee, S. (2015). Another look at lump-sum versus dollar-cost averaging. Journal of Financial Service Professionals, 69(5), 16-18.

Nobre, L. H. N., & Grable, J. E. (2015). The role of risk profiles and risk tolerance in shaping client decisions. Journal of Financial Service Professionals, 69(3), 18-21.

Grable, J. E. (2015). Are your clients really a stock or bond? A human capital perspective. Journal of Financial Service Professionals, 69(1), 16-18.

Grable, J. E., & Chatterjee, S. (2014). Time-weighted versus dollar-weighted returns: A glimpse into the accuracy debate. Journal of Financial Service Professionals, 68(5), 12-14.

Grable, J. E., & Chatterjee, S. (2014). The Sharpe ratio and negative excess returns: The problem and the solution. Journal of Financial Service Professionals, 68(3), 12-14.

Grable, J. E., & Heo, W. (2014). Introduction to Financial Risk Tolerance. Korean Financial Planning Association Journal. www.fpkorea.com/Library/FP.journal.read.asp?bm_key=161&bd_key=11618&p_section=&p_is_open=&is_sch=&kWt=

Grable, J. E., & Carr, N. A. (2014). Risk tolerance and goal-based financial planning. Journal of Financial Service Professionals, 68(1), 12-14.

Grable, J.E. (2013). Psychophysiological economics: Introducing an emerging field of study. Journal of Financial Service Professionals, 67(5), 16-18.

Grable, J. E. (2013). Is risk tolerance stable? The role of projection bias. Journal of Financial Service Professionals, 67(1), 14-16.

Grable, J. E. (2013). Gender, wealth, and risk: Why are baby boomer women less risk tolerant than baby boomer men? Journal of Financial Services Professionals, 67(3), 7-9.