decision. We find that investment decreases as a result of transitions from the first to the third level and we even observe … lower investments in case of positive changes in income. Investment decreases most if negative valuation adjustments are …-based decreases in net income. For larger positive and negative adjustments the impact of valuation levels on investment turns out to …

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 …

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

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

-based questionnaire before the experiment and participants' preferencesfor resolution timing, risk, and time were incentive compatibly … measured during the experiment.Main findings are that delayed resolution can affect investment, that the effect depends on the …This experimental study is concerned with the impact of the timing of the resolution of risk onpeople's willingness to …

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 …