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With the rise of experimental research in the social sciences, numerous methods to elicit and classify people's risk attitudes in the laboratory have evolved. However, evidence suggests that people's attitudes towards risk may change considerably when measured with different methods. Based on a...
Persistent link: https://www.econbiz.de/10012098392
By running a battery of incentivized and non-incentivized experiments with fund managers from four countries in the European Union, we investigate the impact of fund managers' cognitive skills and economic preferences on the dynamics of the mutual funds they manage. First, we find that fund...
Persistent link: https://www.econbiz.de/10012036081
distributional preferences and a parsimonious, non-parametric identification procedure - the Equality Equivalence Test (eet). The … assumptions of the test result in a mutually exclusive taxonomy of social preference archetypes, nesting all empirically relevant …
Persistent link: https://www.econbiz.de/10012228193
Risk is one of the key aspects in financial decision-making and therefore an integral part of the behavioral economics and finance literature. Focusing on the conceptualization of the term "risk", which researchers have addressed from numerous angles, this comment aims to offer a critical...
Persistent link: https://www.econbiz.de/10012591124
improve financial decision-making, we conduct an investment experiment. We implement a 2 × 2 factorial design to test the …
Persistent link: https://www.econbiz.de/10012591170
To study whether clients benefit from delegating financial investment decisions to an agent, we run an investment allocation experiment with 408 finance professionals (agents) and 550 participants from the general population (clients). In several between subjects treatments, we vary the mode of...
Persistent link: https://www.econbiz.de/10012813412
A typical empirical study involves choosing a sample, a research design, and an analysis path. Variation in such choices across studies leads to heterogeneity in results that introduce an additional layer of uncertainty not accounted for in reported standard errors and confidence intervals. We...
Persistent link: https://www.econbiz.de/10014445891