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In recent years, the banking industry has witnessed several cases of excessive risk-taking that frequently have been attributed to problematic professional norms. We conduct experiments with employees from several banks in which we manipulate the saliency of their professional identity and...
Persistent link: https://www.econbiz.de/10011624184
In recent years, the banking industry has witnessed several cases of excessive risk-taking that frequently have been attributed to problematic professional norms. We conduct experiments with employees from several banks in which we manipulate the saliency of their professional identity and...
Persistent link: https://www.econbiz.de/10011617546
In recent years, the banking industry has witnessed several cases of excessive risk-taking that frequently have been attributed to problematic professional norms. We conduct experiments with employees from several banks in which we manipulate the saliency of their professional identity and...
Persistent link: https://www.econbiz.de/10011663202
In recent years, the banking industry has witnessed several cases of excessive risk-taking that frequently have been attributed to problematic professional norms. We conduct experiments with employees from several banks in which we manipulate the saliency of their professional identity and...
Persistent link: https://www.econbiz.de/10012958453
In recent years, the banking industry has witnessed several cases of excessive risk-taking that frequently have been attributed to problematic professional norms. We conduct experiments with employees from several banks in which we manipulate the saliency of their professional identity and...
Persistent link: https://www.econbiz.de/10012961469
Rankings are a pervasive feature of the finance industry. Although they have no direct monetary consequences, rankings provide utility for intrinsic (positive self-image) and extrinsic (status) reasons. We recruit a unique subject pool of 204 financial professionals and investigate how anonymous...
Persistent link: https://www.econbiz.de/10011417442
field experiment examines the extent to which this is the case. At different points in time, the same participants allocated … experiment on stationarity, time invariance and time consistency finds using a different design among a different type of …
Persistent link: https://www.econbiz.de/10011307819
Using a high-stakes field experiment conducted with a financial brokerage, we implement a novel design to separately …
Persistent link: https://www.econbiz.de/10013065867
choice reversals only if individuals simultaneously violate both stationarity and time consistency. Our field experiment …
Persistent link: https://www.econbiz.de/10013004064
A pervasive feature in the finance industry is relative performance, which can include extrinsic (money), intrinsic (self-image), and reputational (status) motives. In this paper, we model a portfolio decision with two assets and investigate how reputational motives (i.e., the public...
Persistent link: https://www.econbiz.de/10012001790