This study experimentally examines the effect of different types of environmental information on investors’ judgment regarding long-term investments. Based on three experimental cases (financial; financial & additional common environmental; financial & additional common environmental &...

Many initiatives worldwide aim at improving financial literacy through targeted education programs, yet there is little evidence regarding their effectiveness. We examine the impact of a short financial education program on teenagers in German high schools. Our findings reveal that the training...

This research analyzed Financial Literacy among University lecturers and the influence of demographic factors on financial literacy. A sample of 132 academics were selected from largest university in the national university system in Sri Lanka to collect data using a structured questionnaire,...

The aim of this paper is to test whether the investors' initial starting capitals and the macroeconomic context may influence their gains and losses perception. To this purpose, our analysis, for the first time in the literature on the topic, considers and compares two samples of investors,...

This paper compares different graphical representation of investment returns in terms of their potential to induce a 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...

We compare the performance of financial professionals (CFAs) with university students in four financial forecasting tasks ranging from simple lab prediction tasks to longitudinal field tasks. Although students and professionals performed similarly in the artificial forecasting tasks, their...

An unprecedented number of investors are giving their financial advisors a mandate for socially responsible investing (SRI). Yet, the impact of SRI mandates on consumers is unclear. In a pre-registered lab-in-the-field experiment with 345 professional advisors, we find that advisors charge a...

An unprecedented number of investors are giving their financial advisors a mandate for socially responsible investing (SRI). Yet, the impact of SRI mandates on consumers is unclear. In a pre-registered lab-in-the-field experiment with 345 professional advisors, we find that advisors charge a...

We run an experiment where professional traders, endowed with private information, trade an asset over multiple periods. After the trading game, we gather information about the professional traders' characteristics by having them carry out a series of tasks. We study which of these...

This paper investigates ambiguity attitudes for natural events (temperatures) and how they are updated following new information. Using a general population sample, we first obtain baseline ambiguity attitudes for future weather events based on real temperatures over several past days. Second,...