This article analyzes the role of information in building reputation in an investment/trust game. The model allows for information asymmetry in a finitely repeated sender-receiver game and solves for sequential equilibrium to show that if there are some trustworthy managers who always disclose...

Empirical research documents that overconfidence has a strong impact on investment decision. In this experimental study using a within-subject design and an asset allocation problem, we detail this relationship by introducing a stage of judgment (initial knowledge about the assets to invest in)...

We study the effect of information aggregation on individual investors' risk-taking behavior in two experiments, each having three different treatments. Subjects in the control group were given hypothetical returns for both the risk-free and the risky asset. Subjects in the account group were...

Why are men more risk tolerant than women, and why do they invest more than women? I test whether identity stereotypes help explain this heterogeneity. I manipulate identity in a controlled environment by priming its salience to subjects. Men whose identity is primed take on more risk, and...