Previous research has associated levels of disordered gambling symptomology with stock market trading frequency and high-risk investments. We build on these studies via an incentivized experiment, in which we examine how manipulated levels of market volatility affected trading frequency....

Purpose: Behavioral finance research has almost exclusively investigated the decision making of lay individuals, mostly ignoring more sophisticated institutional investors. The purpose of this paper is to better understand the relatively unexplored field of investment decisions made by pension...