Auflistung nach Autor "Laudenbach, Christine"
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Client Involvement in Expert Advice: Antibiotics in Finance?
Hackethal, Andreas; Laudenbach, Christine; Meyer, Steffen; Weber, Annika (2018-07-23)We use minutes from 17,000 financial advisory sessions and corresponding client portfolio data to study how client involvement affects advisor recommendations and portfolio outcomes. We find that advisors confronted with ... -
Gender Differences in Financial Advice
Bucher-Koenen, Tabea; Hackethal, Andreas; Koenen, Johannes; Laudenbach, Christine (2015-03-04)We show that financial advisors recommend more costly products to female clients, based onminutes from about 27,000 real-world advisory meetings and client portfolio data. Funds recommended to women have higher expense ... -
On the (ir)relevance of monetary incentives in risk preference elicitation experiments
Hackethal, Andreas; Kirchler, Michael; Laudenbach, Christine; Razen, Michael; Weber, Annika (2020-08-31)Incentivized experiments in which individuals receive monetary rewards according to the outcomes of their decisions are regarded as the gold standard for preference elicitation in experimental economics. These task-related ... -
The Trading Response of Individual Investors to Local Bankruptcies
Laudenbach, Christine; Loos, Benjamin; Pirschel, Jenny; Wohlfart, Johannes (2020-03-20)We use data from a German online brokerage and a survey to show that retail investors sharply reduce risk-taking in response to nearby firm bankruptcies, which are not predictive of returns. The effects on trading are ...