Purpose: The purpose of this paper is to derive the determinants of young adults’ subjective and objective risk attitude in theoretical and real-world financial decisions. Furthermore, a comparison of the factors that influence young adults’ and older adults’ risk attitude is provided....

Purpose: Retail investors use information provided by mutual fund rating agencies to make investment decisions. This paper aims to examine whether the ratings provide useful information to retail investors by analyzing the rating migration and closure risk of mutual funds that received...

Purpose: The purpose of this study is to analyze whether differences in market-wide levels of investor personality influence experimental asset market outcomes in terms of limit orders, price levels and price bubbles. Design/methodology/approach: Investor personality is determined by a...

Zusammenfassung Die häufig verwendeten Wissensabfragen zur Messung der Financial Literacy sind nur ein schwacher Prädiktor für tatsächliches Finanzverhalten. Dieser Beitrag verwendet daher Fallbeispiele als eine realitätsnahe Alternative zu Wissensabfragen, um auf die praktische Financial...