Investment preferences and risk perception

• Verfasst von: Kling, Luisa [VerfasserIn]
• Verfasst von: König-Kersting, Christian [VerfasserIn]
• Verfasst von: Trautmann, Stefan T. [VerfasserIn]
• Titel: Investment preferences and risk perception
• Titelzusatz: financial agents versus clients
• Verf.angabe: Luisa Kling, Christian König-Kersting, and Stefan T. Trautmann
• Verlagsort: University of Heidelberg, Department of Economics
• E-Jahr: 2019
• Jahr: November 18, 2019
• Umfang: 1 Online-Ressource (33 Seiten)
• Illustrationen: Illustrationen
• Gesamttitel/Reihe: Discussion paper series / University of Heidelberg, Department of Economics ; no. 674
• DOI: doi:10.11588/heidok.00027393
• URN: urn:nbn:de:bsz:16-heidok-273931
• Datenträger: Online-Ressource
• Sprache: eng
• Sach-SW: Decisions under risk
• Sach-SW: decisions of agents
• Sach-SW: risk perception
• Sach-SW: financial advice
• Form-SW: Graue Literatur
• K10plus-PPN: 1682222713
• K10plus-PPN:
  Universitätsbibliothek
• Lokale URL UB: Zum Volltext

Abstract

We study three fundamental components of financial agency settings: Perception and communication of investment profiles, the interaction of agents’ and clients’ preferences, and the role of (non-)monetary incentives. The perception of investment profile terminology is very heterogeneous, resulting in substantial miscommunication between clients and agents. Financial agents show a high willingness to implement their clients’ preferred investment profiles independent of monetary incentives. Agents’ investments for their clients are biased by their own investment preferences.