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measured during the experiment. Main findings are that delayed resolution can affect investment, that the effect depends on the … investment task. Moreover, emotions were explicitly measured, including anticipatory emotions experienced during the waiting …-based questionnaire before the experiment and participants' preferences for resolution timing, risk, and time were incentive compatibly …
Persistent link: https://www.econbiz.de/10010270644
measured during the experiment.Main findings are that delayed resolution can affect investment, that the effect depends on the … investment task. Moreover,emotions were explicitly measured, including anticipatory emotions experienced during the waitingperiod …-based questionnaire before the experiment and participants' preferencesfor resolution timing, risk, and time were incentive compatibly …
Persistent link: https://www.econbiz.de/10010325960
We study portfolio diversification in an experimental decision task, where asset returns depend on a draw from an ambiguous urn. Holding other information identical and controlling for the level of ambiguity, we find that labeling assets as being familiar or from the homeland of subjects...
Persistent link: https://www.econbiz.de/10010397190
evidence is mixed. In our within-subject design, money managers have substantial responsibility by taking investment decisions … oder für andere Personen. Wir verwenden ein 'within-subjects' für unser Experiment, bei dem Vermögensverwalter in … Verantwortungseffekte zu verstärken. Unsere Ergebnisse zeigen, dass das Risiko bei der Investition für andere signifikant geringer ist als …
Persistent link: https://www.econbiz.de/10010520538
experiment with a large representative sample (N = 1,832), we vary whether risky choices are induced to be based on either … emotion or reason, while simultaneously measuring individual decision-making traits. Our results show that decision … taking becomes weaker in the emotion-inducing state and in the loss domain. In contrast, the association between a …
Persistent link: https://www.econbiz.de/10012141901
variable is the particular decision stage at which a global risk is resolved: (i) before the investment decision; (ii) after … the investment decision, but before the resolution of the decision risk; (iii) after the resolution of the decision risk …
Persistent link: https://www.econbiz.de/10010325272
paper we address two issues related to the effects of MLA on risky investment decisions. First, we assess the relative … impact of feedback frequency and investment flexibility (via the investment horizon) on risky investments. Second, given that … we observe higher investments with a longer investment horizon, we examine conditions under which investors might …
Persistent link: https://www.econbiz.de/10010263139
We examine in an experiment the causes, consequences and possible cures of myopic loss aversion (MLA) for investment … behaviour under risk. We find that both, investment horizons and feedback frequency contribute almost equally to the effects of … MLA. Longer investment horizons and less frequent feedback lead to higher investments. However, when given the choice …
Persistent link: https://www.econbiz.de/10010263857
We examine in an experiment the causes, consequences and possible cures of myopic loss aversion (MLA) for investment … behaviour under risk. We find that both, investment horizons and feedback frequency contribute almost equally to the effects of … MLA. Longer investment horizons and less frequent feedback lead to higher investments. However, when given the choice …
Persistent link: https://www.econbiz.de/10010293429
paper we address two issues related to the effects of MLA on risky investment decisions. First, we assess the relative … impact of feedback frequency and investment flexibility (via the investment horizon) on risky investments. Second, given that … we observe higher investments with a longer investment horizon, we examine conditions under which investors might …
Persistent link: https://www.econbiz.de/10010334051