In this paper, we test the realization effect, i.e., that risk-taking increases after a paper loss, whereas risk … records, we find that risk-taking after paper losses increases during a visit and that this effect is more pronounced for … larger losses. Conversely, risk-taking across multiple visits is not altered if the realized losses are comparatively small …

In an information cascade experiment participants are confronted with artificial predecessors predicting in line with …

financial professionals and investigate how anonymous rankings influence risk-taking in investment decisions. We find that … rankings increase risk-taking because of financial professionals' desire for positive self-image. This particularly applies to … underperformers, who take the highest risks. Incentivizing rankings monetarily does not further increase risk-taking. In a comparative …

Using trading data from a sports-wagering market, we estimate individuals' dynamic risk preferences within the prospect …

examine data from an incentivized framed field experiment, which was part of a survey among a representative sample of …

at the individual investor level. We examine data from an incentivized framed field experiment that was part of a …