In this study, we investigate whether cross-country variation in investors' mean openness to experience - one of the traits of the Five-Factor Model of personality - has an effect on the level of foreign bias present in international equity portfolios. Building on extant research showing a...

This paper tests whether staying ignorant about the negative consequences of one's own actions affects agents' performance in a real effort experiment. We conducted treatments in which subjects' effort either increased only one's own payoff or also increased the donation to a bad charity....