We study time preferences in a real-effort experiment with a one-month horizon. We report thattwo thirds of choices …

more in such stocks”. We conducted an experimentin Jena, Germany to test whether subjects show local bias and use … familiar but not local stocks. Our experiment showsno evidence that familiarity is a reason for local bias. …

How do people make investment decisions when they receive outcome feedback? We examinedhow well the standard mean … risk and covariance of the investments into account. The experimental results illustrate thatpeople reacted sensitively to … different correlation structures of the investment alternatives, whichwas best predicted by the extended reinforcement model …

model based on cognitive dissonance thatfocuses on the importance of self-image. An experiment (a dictator game variant …

Preference for control affects investment behavior. Participants of laboratory experiments invest different amount of …. Participants increase their investment when their preferred method of control is used.[...] …

i.e. there is no noise trader risk. Instead, traders expect that new rational entrants with different information in the …

Economics and management science share the tradition of ordering risk aversionby fitting the best expected utility (EU … soleindex of risk attitude. (Cumulative) Prospect theory (CPT) has demonstrated vari-ous empirical deficiencies of EU and … introduced the weighting of probabilities as anadditional component to capture risk attitude. However, if utility curvature and …