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Socially responsible investment (SRI) is increasingly prevalent in financial markets and is characterized by the … online banking context, wherein we frame responsible investment with regard to either wealth or morality and study investors …' subsequent behavior. We find that wealth framing is more effective than moral framing for both information search and investment …
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decreases investment substantially. Theseresults are neither in line with expected utility theory norwith psychologically …This paper experimentally investigates investment behavior.We find that global risk – i.e. risk independent of an agent …’sinvestment decision (like political risk) – substantiallydecreases investment. Also effort to obtain the capital usedfor investment …
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Overall, 72 subjects invest their endowment in four risky assets. Each com-bination of assets yields the same expected return and variance of returns. Illusion of expertise prevails when one prefers nevertheless the self-selected portfolio. After being randomly assigned to groups of four...
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