Mullainathan, Sendhil; Schoar, Antoinette; Noeth, Markus - National Bureau of Economic Research (NBER) - 2012
Do financial advisers undo or reinforce the behavioral biases and misconceptions of their clients? We use an audit methodology where trained auditors meet with financial advisers and present different types of portfolios. These portfolios reflect either biases that are in line with the financial...