Auflistung LIF-SAFE Working Papers nach Schlagwort "individual investors"

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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 ...

    • Does feedback on personal investment success help? 

      Meyer, Steffen; Urban, Linda; Ahlswede, Sophie (2016-12-06)
      In a field study with more than 1.500 customers of an online-broker we test what happens when investors receive repeated feedback on their investment success in a monthly securities account report. The reports show investors’ ...

    • Taring All Investors with the Same Brush? Evidence for Heterogeneity in Individual Preferences from a Maximum Likelihood Approach 

      Hackethal, Andreas; Jakusch, Sven Thorsten; Meyer, Steffen (2015-05-19)
      Abstract. Microeconomic modeling of investors behavior in financial markets and its results crucially depends on assumptions about the mathematical shape of the underlying preference functions as well as their parameterizations. ...

    • 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 ...