Modern life offers nearly unbridled access to information; it is the harnessing of this information to guide decision … mechanisms that govern narrative persuasion. First, we show that advisors construct self-interested narratives and make them … interventions aimed at protecting investors. We find that narrative persuasion is difficult to protect against. …

Modern life offers nearly unbridled access to information; it is the harnessing of this information to guide decision … mechanisms that govern narrative persuasion. First, we show that advisors construct self-interested narratives and make them … interventions aimed at protecting investors. We find that narrative persuasion is difficult to protect against. …

Modern life offers nearly unbridled access to information; it is the harnessing of this information to guide decision … mechanisms that govern narrative persuasion. First, we show that advisors construct self-interested narratives and make them … interventions aimed at protecting investors. We find that narrative persuasion is difficult to protect against. …

The current study examines individual decision making in the field of personal finance. A laboratory experiment … negligible. When naïve advice is given unsolicited, however, it has nevertheless a strong impact on the decision process by … financial literacy buffer this effect, issuing a warning does not. In case compliance with naïve advice leads to a low decision …

biases that can affect investors' behaviour and risk perception, and a demonstration of risk understanding approaches. The …'s demographic characteristics, such as age, marital status or education, have a direct impact on his behaviour. The concept of risk … can be understood as a state of ignorance of the decision maker, as a variance of possible outcomes, as a danger of …