Investor behavior was shown to be considerably different when the risk-return tradeoff is presented by experience sampling as opposed to a descriptive communication. We analyze the persistency of this difference in a setting in which investors are faced with multiple decisions over time and are...

Based on a large international survey we analyze how German- French- and Italian-speaking Swiss differ in their investment decision behavior and investment competence as compared to their closest neighbors abroad speaking the same language. Although language may be closer to the individual self...

We apply a new and innovative approach to communicating risks associated with financial products that should support investors in making better investment decisions. In our experiments, participants are able to gain “simulated experience” by random sampling of a previously described return...