children apply it as a choice heuristic. We report on results of an experiment that tests whether children diversify in a … diversification, both for the sake of variety across consumption goods and for the purpose of mitigating risk when faced with a choice … between risk aversion and diversification and find no significant connection between the two. Our results indicate that …

increases in investors' risk aversion which in turn increases investors' proneness to familiarity bias. I hypothesize that …

I exploit a natural experiment to show that household investment decisions depend on the manner in which information is …

We experimentally test overconfidence in investment decisions by offering participants the possibility to substitute … their own for alternative investment choices. Overall, 149 subjects participated in two experiments, one with just one risky …

We present an experiment that investigates the effect of the fee structure and past returns on mutual fund choice. We … future returns are independent of past returns, these past returns are an important determinant of subjects' investment …

price follows geometric Brownian motion and the money account has a constant interest rate. I experimentally test Nicolosi …

asset can be decomposed into an investment component based on the risk premium offered by the asset and a hedging component …We explore how the demand for a risky asset can be decomposed into an investment effect and a hedging effect by all … risk-averse investors. This question has been shown to be complex when considered outside of the mean-variance framework …

This paper studies the effect of new fund flows on investment behavior and the resulting equilibrium price of risk. The … equilibrium. New flow of funds to the asset management industry lead to inefficient investment decisions, mispricing of risk, and … Small Fund Industry model shows equilibria with overinvestment in unprofitable and underinvestment in profitable investment …