illusion of control. By forming their portfolio of tworisky lotteries and one risk-less alternative, subjects are requested to … investment. Also, offering adefault portfolio strongly determines final allocations. …

paper we address two issuesrelated to the effects of MLA on risky investment decisions. First, we assess therelative impact … of feedback frequency and investment flexibility (via theinvestment horizon) on risky investments. Second, given that we … observehigher investments with a longer investment horizon, we examine conditionsunder which investors might endogenously opt for a …

investment choices) depend on the decisions of their peers. One hypothesized cause of peer group effects is social interaction …

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 …

We study reputational herding in financial markets in a laboratory experiment. In the spirit of Dasgupta and Prat (2008 … employers. Employers can observe investment behavior, but not investors' ability types. Thereby, reputational incentives may …