Search Results - subject:"Financial advice"

Overconfidence, financial advice seeking and household portfolio under-diversification

Broekema, Stijn P. M.; Kramer, Marc M. - In: Journal of risk and financial management : JRFM 14 (2021) 11, pp. 1-15

. Our results contribute to the current discussion among policy makers on the role of financial advice and self …

Persistent link: https://www.econbiz.de/10012796162

Transformation electronic payment system as predictor on financial satisfaction

Rakhmad, Andro Agil Nur; Kurniawan, Dediek Tri; … - 2021

Persistent link: https://www.econbiz.de/10012802990

The banker's oath and financial advice

Weitzel, Utz; Kirchler, Michael - 2021

Financial misbehavior is widespread and costly. The Dutch government legally requires every employee in the financial sector to take a Hippocratic oath, the so-called "banker's oath." We investigate whether moral nudges that directly and indirectly remind financial advisers of their oath affect...

Persistent link: https://www.econbiz.de/10012510856

Financial advice and household financial portfolios

Brown, Sarah; Bucciol, Alessandro; Montagnoli, Alberto; … - 2021

We investigate the role of financial advice in shaping the composition of household portfolios in Great Britain. Advice … households seek financial advice "for investments". Having a consultation with a stockbroker has a particularly large effect on … the portfolio share in stocks. However, even free financial advice has a positive effect on the shares in bonds and stocks …

Persistent link: https://www.econbiz.de/10012517212

Do financial advisors exploit responsible investment preferences?

Laudi, Marten; Smeets, Paul; Weitzel, Utz - 2021

An unprecedented number of investors are giving their financial advisors a mandate for socially responsible investing (SRI). Yet, the impact of SRI mandates on consumers is unclear. In a pre-registered lab-in-the-field experiment with 345 professional advisors, we find that advisors charge a...

Persistent link: https://www.econbiz.de/10012591238

Do financial advisors exploit responsible investment preferences?

Laudi, Marten; Smeets, Paul; Weitzel, Utz - 2021

Persistent link: https://www.econbiz.de/10012807687

Improving on defaults : helping pension participants manage financial market risk in target date funds

Turner, John A.; Klein, Bruce W. - In: Risks : open access journal 9 (2021) 4, pp. 1-14

The central issue of this paper is analysis and resulting proposals to help unsophisticated pension participants achieve pension portfolios that match their level of risk aversion when there is a large amount of unexplained heterogeneity in risk aversion. Target date funds are commonly used as...

Persistent link: https://www.econbiz.de/10012508770

The banker's oath and financial advice

Weitzel, Utz; Kirchler, Michael - 2021

Persistent link: https://www.econbiz.de/10012431886

Good decision vs. good results : outcome bias in the evaluation of financial agents

König-Kersting, Christian; Pollmann, Monique; Potters, Jan - In: Theory and decision : an international journal for … 90 (2021) 1, pp. 31-61

We document outcome bias in situations where an agent makes risky financial decisions for a principal. In three experiments, we show that the principal’s evaluations and financial rewards for the agent are strongly affected by the random outcome of the risky investment. This happens despite...

Persistent link: https://www.econbiz.de/10013440190

GPT has become financially literate : insights from financial literacy tests of GPT and a preliminary test of how people use it as a source of advice

Niszczota, Paweł; Abbas, Sami - In: Finance research letters 58 (2023) 1, pp. 1-7

Persistent link: https://www.econbiz.de/10014582166