Oehler, Andreas; Horn, Matthias; Wendt, Stefan - In: Journal of Financial Services Research 62 (2021) 1-2, pp. 91-125
We survey 231 undergraduate students to analyze how retail investors' characteristics influence their decision to use a robo-advisor. Characteristics such as the willingness to take risk, extraversion, and optimism are significant in univariate tests but the willingness to take risk and the...