Jorgo Goossens
Jorgo Goossens

Computer game does not attract more participants for risk survey

Filling in questionnaires, no one is really keen to do so. Therefore pension funds and insurance companies will soon have an even harder time of it, as the new legislation requires them to conduct a risk survey at least every five years. Besides risk capacity, they also have to find out the risk preferences of different age cohorts. That means you soon need thousands of participants to participate in a survey. How do you ensure such a high response rate?

Serious game or traditional questionnaire?

Assessing participants' attitude to risk is important because it is one of the elements that determine investment policy. That is why Dr Jorgo Goossens, assistant professor of Financial Economics, and Bart Kuijpers, a member of APG's research department, examined in a Netspar study whether the presentation format could provide a solution. The result? A computer game attracts no more participants than a traditional questionnaire. In other words, the presentation format has virtually no impact on response rates.

Combining with sustainability preferences

The researchers also looked at the different survey methods used. The results vary so much that, according to Goossens and Kuijpers, it is interesting to use them side by side. Goossens: "For the future, we expect pension funds and insurance companies to look at combining risk research with research on sustainability preferences or, for example, AOW."

Podcast on risk preference surveys

A podcast was recently published in which Goossens and Kuijpers, following their research, explain more about risk preference surveys in the pension sector.

Listen to it here (in Dutch)

Interested in the research? Read more about their findings here.