Probit Analysis for Financial Attitude: Case of Kazakhstan
By Maya Katenova
A featured article of our April 2020 edition of PRMIA's Intelligent Risk quarterly newsletter
Both 2015 and 2019 surveys were performed by KIMEP University student groups as a class project in spring semester of each year, using face-to-face and paper-and-pencil surveys in different cities and towns of Kazakhstan. Excluding invalid and unsuitable answers for the analysis, the total number of survey responses resulted were 830 for 2015 and 983 for 2019 studies respectively. One of the weaknesses of survey data may be the possibility of mindless responses and random guess works. To reduce possible distortions of mindless answers and random guess works, we cut the middle portion of the literacy scores (2 and 3 points out of 5 points).
Continue to Read [PDF]
About the Intelligent Risk
is PRMIA's quarterly publication, bringing all PRMIA members free access to knowledge and information about risk management for financial institutions as well as current information on PRMIA chapters, committees, academic partners, news and events.
Individual articles from each edition are published under our members only Risk Library
resources section. PRMIA is sharing select articles from the April 2020 edition with the public. Get more articles like this by joining PRMIA today.
PRMIA Membership Information