In Germany and many other countries, financial advisors are required by law to assess their clients' risk preferences in order to help them make informed and appropriate investment decisions. Most institutions that provide financial advice-banks, for instance-carry out this assessment using just...

In vielen Ländern der Welt, Deutschland eingeschlossen, sind Finanzberater (hier Personen, die Privatanleger bei Finanzanlagen beraten) heutzutage gesetzlich verpflichtet, die Risikoeinstellung ihrer Kunden zu erfassen, um ihnen dabei zu helfen, die passendste Anlageentscheidung zu treffen. Die...

We compare seven established risk elicitation methods and investigate how they robustly explain eleven kinds of risky behavior with 760 individuals. Risk measures are positively correlated; however, their performance in explaining behavior is heterogeneous and, therefore, difficult to assess ex...

In vielen Ländern der Welt, Deutschland eingeschlossen, sind Finanzberater (hier Personen, die Privatanleger bei Finanzanlagen beraten) heutzutage gesetzlich verpflichtet, die Risikoeinstellung ihrer Kunden zu erfassen, um ihnen dabei zu helfen, die passendste Anlageentscheidung zu treffen. Die...

We compare seven established risk elicitation methods and investigate how they robustly explain eleven kinds of risky behavior with 760 individuals. Risk measures are positively correlated; however, their performance in explaining behavior is heterogeneous and, therefore, difficult to assess ex...