Schwaiger, Rene; Strucks, Markus; Zeisberger, Stefan - 2024
Narrow bracketing in combination with loss aversion has been shown to reduce individual risk-taking. This is known as … investment environments, we systematically modified the seminal study design by Gneezy and Potters (1997) to include five key … adjustments. These involved realistic, down-scaled returns, return compounding, and extended investment horizons. Contrary to some …