knowledgeability about fundamental characteristics of securities offerings while salient disclosure of risk factors only increases risk … factor knowledge. Persuasive content also increases average investment amounts by 16 percent, while salient risk factor …

item disclosures alongside quantitative hedging instrument risk disclosures, affects investors' integration of information … from these two related disclosures. Our first experiment varies the hedged item risk disclosure format (quantitative or … qualitative) and the portion of risk hedged (small or large). We find that when disclosure formats are mismatched, the less …

) and the portion of risk hedged (small or large). We find that when disclosure formats are mismatched, the less comparable …, risk and investment judgments were influenced by the more prominent quantitative hedging instrument disclosures. Our second …

investment returns and risk, provide an attractive and effective alternative to traditional guaranteed life annuity products …. While longevity risk sharing in pooled annuities has received recent attention, incorporating investment risk beyond fixed …, while reducing pooled annuity income volatility and downside risk, as well as an investment strategy that reduces exposure …

maximum limits by asset class) in order to create funds with different risk-return profiles. In this article we challenge this … approach and show that such funds exhibit erratic risk-return profiles that deviate significantly from the intended design. We … propose to replace all minimum and maximum asset allocation constraints by a single risk metric (or measure) that controls …

wrong perception of the risk-reward potential of an investment. Additionally, the paper analyzes which representation format … is most likely to encourage investment risk taking that is motivated by a biased risk-reward perception. The results … investment than individuals using bar charts. However, the strongest reduction of biased risk taking is achieved with a bar chart …

. Three possible explanations for momentum have emerged in the literature; risk, positive autocorrelation and negative cross …

performance fees even though these funds may be more expensive. According to agency theory, performance fees could incentivize … managers to achieve better returns, but they could also result in excessive risk taking. While we find evidence that these … Prospect Theory preferences can help explain the emergence of certain financial products beyond other "classical" explanations …

We investigate how information choices impact equity returns and risk. Building on an existing theoretical model of …. High learning index stocks have lower future returns and risk compared to low learning index stocks. Analysis of a …