期刊名称:Discussion Paper Series / Universität Heidelberg, Department of Economics
出版年度:2012
卷号:2012
出版社:Universität Heidelberg, Department of Economics
摘要:Recent studies have found correlations between risk attitudes and severalsociodemographic characteristics. In this paper, we deploy an artefactualfield experiment and study whether subjects - non-professionals and fi-nancial professionals - are aware of these correlations. This is largelyconfirmed by our results for all subject groups. We show that the sub-jects attach informational value to sociodemographic information whenassessing others' risk attitudes. This provides external validity to thecorrelations found between risk preferences and sociodemographics. Aperson's self-assessment of risk attitudes is the most helpful device forthe subjects' assessments of others, although experienced professionalsmake use of it to a minor extent than all other subjects
关键词:Risk Preferences; Financial Advice; Artefactual Field Experi-;ment; Behavioral Finance