increases in investors' risk aversion which in turn increases investors' proneness to familiarity bias. I hypothesize that …

We study three fundamental components of financial agency settings: Perception and communication of investment profiles … investment profile terminology is very heterogeneous, resulting in substantial miscommunication between clients and agents …. Financial agents show a high willingness to implement their clients’ preferred investment profiles independent of monetary …

language may influence risk perception and investment behavior, no study has explored the causal effects of linguistic … investment decisions is amplified by risk perception. Investor characteristics that significantly affect their risk perception … uncertainty on financial decision-makers. We address this research gap by presenting a controlled laboratory experiment exposing …

We study intertemporal choices through an experiment that elicits a subject's plan and then tracks its implementation …

We study time preferences in a real-effort experiment with a one-month horizon. We report that two thirds of choices …

We study intertemporal choices through an experiment that elicits a subject's plan and then tracks its implementation …

How do people cope with tail risk? In a lab experiment that removed informational and incentive confounds, subjects … overwhelmingly behaved like Bayesian learners. The results of simulations further revealed that if one is to survive under tail risk … Bayesian assumption commonly made in prior studies on tail risk and model uncertainty, and they also demonstrate the importance …

reversal ; risk ; time inconsistency ; real-effort experiment …We study time preferences in a real-effort experiment with a one-month horizon. We report that two thirds of choices …