Preference for control affects investment behavior. Participants of laboratory experiments invest different amount of …. Participants increase their investment when their preferred method of control is used. Participants who prefer to control more … reduce their investment more strongly when face with less control. Preference for control has larger effect on investment …

, therefore, invest more in such stocks'. We conducted an experiment in Jena, Germany to test whether subjects show local bias and … more in recognized and familiar but not local stocks. Our experiment shows no evidence that familiarity is a reason for …

How do people make investment decisions when they receive outcome feedback? We examined how well the standard mean … risk and covariance of the investments into account. The experimental results illustrate that people reacted sensitively to … different correlation structures of the investment alternatives, which was best predicted by the extended reinforcement model …

In this paper we experimentally test skewness preferences at the individual level. Several prospects that can be … ordered with respect to the third-degree stochastic dominance (3SD) criterion are ranked by the participants of the experiment …

invest? Although investment does not converge as predicted, portfolios of informed agents reflect the probabilities of states …

socioeconomic characteristics, the propensity for taking investment risk is an important predictor of a household's diversification …This paper explores the relationship between risk attitude and asset diversification in household portfolios. We first … examine the impact of manifested risk aversion on the total number of distinct assets held in a portfolio (naive …

We show that if an agent is uncertain about the precise form of his utility function, his actual relative risk aversion … may depend on wealth even if he knows his utility function lies in the class of constant relative risk aversion (CRRA … their risk aversion parameter invest less in risky assets than wealthy investors with identical risk aversion uncertainty. …