language may influence risk perception and investment behavior, no study has explored the causal effects of linguistic … asked to answer an extensive questionnaire covering risk perception and individual characteristics such as Big 5 personality … and financial literacy. Empirically, we observe a significant positive impact of linguistic uncertainty on risk perception …

information, and control for risk attitude. We find that the strength-weight bias affects expectations, but that its magnitude is … incentive compatibility and controls for risk attitude considerably affect inferences on errors in expectations. …

. The latter involves decisions under ambiguity, decisions under risk, decisions after gaining experience and decisions …We assess the ability of different risk profiling measures to predict risk taking along a multi-stage decision process … after receiving outcome information on previous decisions. We find that in all decisions risk taking can be predicted by …

an increase in ambiguity is associated with increased investor activity. It also leads to a reduction in risk …We relate time-varying aggregate ambiguity (V-VSTOXX) to individual investor trading. We use the trading records of …-taking which does not reverse over the following days. When ambiguity is high, the effect of sentiment looms larger. Survey …

Risk-assessment and risk-taking in various forms are among the most important tasks financial professionals face in … domain) on risk-taking, predominantly among students. In a series of experiments set in different contextual frameworks, we … effect in risk-taking than the general population. Interestingly, for domain-specific risk-taking in a finance context, we …

Investor behavior was shown to be considerably different when the risk-return tradeoff is presented by experience … investors are faced with multiple decisions over time and are consequently able to adjust the risk level they initially chose … new form of risk simulation in which wealth paths over time are presented rather than just final outcomes. After investors …

In this paper we investigate how volatility shocks influence investors' perceptions about a stock's risk, its future … shocks to increase risk similarly, while students do not perceive upwardlytrending shocks to increase the riskiness of the …

mutual funds they manage. First, we find that fund managers' risk tolerance positively correlates with fund risk when … accounting for fund benchmark, fund category, and other controls. Second, we show that fund managers' ambiguity tolerance … abilities generate these returns at lower risk. …

In this paper we investigate how the experience of stock market shocks, like the COVID-19 crash, influences risk taking … behavior. To isolate changes in risk taking from a variety of other confounding factors during stock market crashes, we ran …