The effects of environmental and biopsychosocial factors on financial risk tolerance is analyzed. The research is premised on Irwinýs (1993) risk-taking behavioral model. Findings from an OLS regression, using a sample of faculty and staff from two universities (N = 406), indicate that education, marital status, net worth, financial knowledge, and household income, as environmental factors, are related to financial risk tolerance. A significant biopsychosocial factor associated with financial risk tolerance is self-esteem. Findings from this study confirm Irwinýs recommendation that further research should take into account both environmental and biopsychosocial factors when attempting to explain financial risk-tolerance attitudes. Keywords: Risk Tolerance, Financial Knowledge, Self-Esteem

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