risk aversion, ambiguity attitude and personality traits are related to an individual’s information acquisition prior to a … find that risk and ambiguity aversion affect the information acquisition but are less influential for the decisions between … reduzieren. Die Studie untersucht, wie Risikoaversion, die Einstellung zu Ambiguität und verschiedene Persönlichkeitsmerkmale …

, education, field of study, investment experience, and financial risk preferences. … (MLA). We present the results of a large-scale online experiment with 894 student participants. The study featured a two …

Narrow bracketing in combination with loss aversion has been shown to reduce individual risk-taking. This is known as … investment environments, we systematically modified the seminal study design by Gneezy and Potters (1997) to include five key … adjustments. These involved realistic, down-scaled returns, return compounding, and extended investment horizons. Contrary to some …

-period life cycle model, where the household decides on optimal consumption and investment in a portfolio with one risk-free and … affect optimal consumption and risk taking activity. However, it must be sufficiently high in order to rule out outcomes with … or in the future. As a result, loss aversion directly affects consumption and risky investment. Reference levels play a …

In this paper we analyze the two-period consumption-investment decision of a household with prospect theory preferences …

We study three fundamental components of financial agency settings: Perception and communication of investment profiles … investment profile terminology is very heterogeneous, resulting in substantial miscommunication between clients and agents …. Financial agents show a high willingness to implement their clients’ preferred investment profiles independent of monetary …

We study the correlation of choice under risk in Holt-Laury lotteries for gains and losses with gender, the use of … the digit ratio (2D:4D) in more than 200 subjects. In males, salivary testosterone is negatively correlated with risk … aversion for gains only. In females, salivary cortisol is positively correlated with risk aversion for gains only. No other …