paper we address two issues related to the effects of MLA on risky investment decisions. First, we assess the relative … impact of feedback frequency and investment flexibility (via the investment horizon) on risky investments. Second, given that … we observe higher investments with a longer investment horizon, we examine conditions under which investors might …

illusion of control. By forming their portfolio of two risky lotteries and one risk-less alternative, subjects are requested to … reach a target investment profit, whereby equal diversification between the two risky lotteries is part of the solution … then followed by higher investment. Also, offering a default portfolio strongly determines final allocations. …

In this paperwe relate individual risk attitude as elicited by binary lotteries and certainty equivalents to market … certainty equivalents are pootly correlated. Only lottery choices are related to market behavior: the higher the degree of risk … aversion the lower the observed market activity. Females are more risk averse than males according to binary lotteries, submit …

facing simple investment tasks. First, participants state some personal parameters that serve as an input to render a … approaches is measured by the adjustments of personal parameters until accepting the investment decision suggested by theory …

We experimentally test overconfidence in investment decisions by offering partic- ipants the possibility to substitute … their own for alternative investment choices. Overall, 149 subjects participated in two experiments, one with just one risky …

sequentially confronted with two risky investment tasks, a simple and a more complex one. Initially elicited state …

This paper reports results of an experiment designed to analyze the link between risky decisions made by couples and … risky decisions made separately by each spouse. We estimate both the spouses and the couples’ degrees of risk aversion and … we assess how the risk preferences of the two spouses aggregate when they make risky decisions. This enables us to …

with risk neutral taxpayers predicts. We find evidence that this is rather due to individual moral constraints than due to … risk aversion. …