We assess the ability of GPT–a large language model–to serve as a financial robo-advisor for the masses, by combining a financial literacy test and an advice-utilization task (the Judge-Advisor System). Davinci and ChatGPT (variants of GPT) score 58% and 67% on the financial literacy test,...

Building on the similarity-attraction hypothesis I examine whether differences in the personalities of inhabitants from interacting countries affect the level of economic activity between them. To do this I investigate whether both aggregated and nonaggregated differences in personality scores...

The purpose of this study is to investigate whether religious prohibitions have a significant impact on the propensity to invest in foreign securities. We do this by exploring the effect of the Islamic prohibition of interest, which as we hypothesize, should impact the level of investment in...

In this paper we test whether between-country variation in individuals' tendency to conform, as measured by a social desirability scale used in the Eysenck Personality Questionnaire, can explain differences in the propensity to employ earnings management in corporations around the world. Such a...

Building on previous research that has established a link between neuroticism and the tendency to avoid uncertainty, and revealed the way foreign securities are perceived by investors, we explore whether variation in the personality trait of neuroticism affects foreign portfolio investment....

In this study we investigate whether cross-country variation in investors' mean openness to experience – one of the traits of the Five-Factor Model of personality – has an effect on the level of foreign bias present in international equity portfolios. Building on extant research showing a...

The introduction of ChatGPT has fueled a public debate on the use of generative AI (large language models; LLMs), including its use by researchers. In the current work, we test whether delegating parts of the research process to LLMs leads people to distrust and devalue researchers and...