Showing 1 - 10 of 11,772
A recent theory by Gennaioli, Shleifer, and Vishny (2015) proposes that trust is an important component for delegated … investing. This paper tests the theory in a laboratory experiment. Participants first play a trust game. Participants then act … as investors who have to make two separate, delegated investment decisions. Using the amount returned in the trust game …
Persistent link: https://www.econbiz.de/10012917903
In this paper we experimentally test skewness preferences at the individual level. Several prospects that can be ordered with respect to the third-degree stochastic dominance (3SD) criterion are ranked by the participants of the experiment. We find that the skewness of a distribution has a...
Persistent link: https://www.econbiz.de/10009734686
An unprecedented number of investors are giving their financial advisors a mandate for socially responsible investing (SRI). Yet, the impact of SRI mandates on consumers is unclear. In a pre-registered lab-in-the-field experiment with 345 professional advisors, we find that advisors charge a...
Persistent link: https://www.econbiz.de/10012591238
near their place of residence, or align with their fields of interest. This article analyse familiarity in investment … magazines' article's themes. The aim of this paper is to investigate gender-based behavioural differences in investment … decisions - i.e. to define women's and men's fields of interests and value investment portfolios. Portfolios differ according to …
Persistent link: https://www.econbiz.de/10013259299
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 …
Persistent link: https://www.econbiz.de/10013036984
Persistent link: https://www.econbiz.de/10011694852
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...
Persistent link: https://www.econbiz.de/10011408429
Persistent link: https://www.econbiz.de/10010532783
Persistent link: https://www.econbiz.de/10014566400
utility of terminal wealth, we prove the existence of an information premium between what is required by the theory, a …
Persistent link: https://www.econbiz.de/10011506342