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have higher risk-adjusted performance. The robo-advising tool has opposite effects across investors with different levels …
Persistent link: https://www.econbiz.de/10011795044
We use data from a German online brokerage and a survey to show that retail investors sharply reduce risk-taking in … concentrated, immediate and not persistent. They seem to operate through more pessimistic expected returns and increased risk …
Persistent link: https://www.econbiz.de/10012195959
Persistent link: https://www.econbiz.de/10003630847
We study how background health risk affects financial risk-taking. We elicit financial risk-taking behavior of a … infections across time and space, we find that an increase in infections affecting background health risk translates into higher … financial risk-taking, and for the alleviating effect of self-insurance devices. …
Persistent link: https://www.econbiz.de/10014252316
or 1.5oC. The safe carbon budget is lower if uncertainty about the transient climate response is high and risk tolerance …
Persistent link: https://www.econbiz.de/10011717248
find a quarter of students violated the order. Yet, neither risk preference, altruism, nor preexisting health conditions …
Persistent link: https://www.econbiz.de/10012213128
We present the results of a randomized intervention in schools to study how teaching financial literacy affects risk …, we provide causal evidence that teaching financial literacy has significant short-term and longer-term effects on risk … subjects more patient, less present-biased, and slightly more risk-averse. Our finding that the intervention changes economic …
Persistent link: https://www.econbiz.de/10012260969
-school students affects their behavior in risk and time preference tasks. Compared to two different control treatments, we find that … teaching financial literacy makes subjects behave more patiently, more time-consistent, and more risk-averse. These effects … persist for up to almost 5 years after our intervention. Behavior in the risk and time preference tasks is related to …
Persistent link: https://www.econbiz.de/10014261310
We study an investment experiment conducted with a representative sample of German households. Respondents invest in a safe asset and a risky asset whose return is tied to the German stock market. Experimental investments correlate with beliefs about stock market returns and exhibit desirable...
Persistent link: https://www.econbiz.de/10011298558
In this chapter, we first discuss the limitations of traditional financial advice, which led to the emergence of robo-advising. We then describe the main features of robo-advising and propose a taxonomy of robo-advisors based on four defining dimensions - personalization, discretion,...
Persistent link: https://www.econbiz.de/10012200345