Menkhoff, Lukas; Nikiforow, Marina - In: Journal of Economic Behavior & Organization 71 (2009) 2, pp. 318-329
This paper provides evidence on the hypothesis that many behavioral finance patterns are so deeply rooted in human behavior that they are difficult to overcome by learning. We test this on a target group which has undoubtedly very strong incentives to learn efficient behavior, i.e. fund...