This paper investigates tools to counter excessive stock trading and increase profits for private households participating in the stock market. Creating a stylised hold or trade-scenario in a computer laboratory experiment, I find that by solely changing the information the participants receive,...

This study considers two causes — inexperience and overreaction to price movements — of a well-established phenomenon on the stock market called ‘excessive trading’: large trading volumes leading to decreased net portfolio returns via increased transaction costs. Creating a stylized hold...

There are significant differences in real-life gambling behavior between Germany and Italy. Contemporary theories suggest that these differences in individual preferences would translate to differences in trading behavior. We elicited trading behavior from participants of both Italian and German...