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Cutting through the fog : financial literacy and financial investment choices

Nieddu, Marco G.; Pandolfi, Lorenzo - In: Journal of the European Economic Association : JEEA 19 (2021) 1, pp. 237-274

Persistent link: https://www.econbiz.de/10012434504

Kormanyos, Emily; Hanspal, Tobin; Hackethal, Andreas - 2022

Previous studies document a relationship between gambling activity at the aggregate level and investments in securities … with lottery-like features. We combine data on individual gambling consumption with portfolio holdings and trading records … to examine whether gambling and trading act as substitutes or complements. We find that gamblers are more likely than the …

Persistent link: https://www.econbiz.de/10014088375

Risk-taking-neutral background risk

Franke, Günter; Schlesinger, Harris; Stapleton, Richard C. - 2013

We define a class of risk-taking-neutral (RTN) background risks. These background risks have the property that they will not alter decisions made with respect to another risk, for individuals with HARA utility. If we wish to compare a decision made with and without some exogenous background...

Persistent link: https://www.econbiz.de/10009690709

Does everyone use probabilities? : intuitive and rational decisions about stockholding

Binswanger, Johannes; Salm, Martin - 2013

We investigate the relationship between subjective probabilities of future stock market returns and decisions about stockholding. Specifically, we examine whether acting upon subjective probabilities is confined to individuals with high cognitive skills. We explore this question using data from...

Persistent link: https://www.econbiz.de/10009721396

Improving Investment Decisions with Simulated Experience

Bradbury, Meike - 2014

We apply a new and innovative approach to communicating risks associated with financial products that should support investors in making better investment decisions. In our experiments, participants are able to gain “simulated experience” by random sampling of a previously described return...

Persistent link: https://www.econbiz.de/10013065022

Ambiguity and investor behavior

Kostopoulos, Dimitrios; Meyer, Steffen; Uhr, Charline - 2020

We relate time-varying aggregate ambiguity (V-VSTOXX) to individual investor trading. We use the trading records of more than 100,000 individual investors from a large German online brokerage from March 2010 to December 2015. We find that an increase in ambiguity is associated with increased...

Persistent link: https://www.econbiz.de/10012387918