This paper investigates the relationship between the propensity to seek for professional advice, financial knowledge and overconfidence, as well as the determinants of financial knowledge and overconfidence for a representative sample of Italian financial decision makers. The demand for...

Chapter 1. Introduction: what is equity crowdfunding and how can the decision-making process of retail investors be outlined? -- Chapter 2. About entrepreneurial finance and factors affecting crowd-investor preferences -- Chapter 3. Definition and description of the analytical process: a data...

The Italian version of this paper can be found at 'http://ssrn.com/abstract=2126578' http://ssrn.com/abstract=2126578.The assessment of investors' risk tolerance by investment firms is a crucial issue both for regulators and for the industry. The economic and psychological literature has...

Robo advice has moved its first steps in the Anglo-Saxon countries and is now rapidly gaining market share at a global level. The phenomenon fueled a growing and still not conclusive institutional debate about potential benefits and risks to financial consumers, based also on investors’ biases...

Classical financial theory assumes that individuals are perfectly rational and act by usingcomplete and homogeneous information sets. For a long time, this has been used both ondescriptive and normative grounds. However, empirical research has shown thatinvestors systematically commit reasoning...