Navigation überspringen
Universitätsbibliothek Heidelberg
Standort: ---
Exemplare: ---
heiBIB
 Online-Ressource
Verfasst von:Lambrecht, Marco [VerfasserIn]   i
 Oechssler, Joerg [VerfasserIn]   i
 Weidenholzer, Simon [VerfasserIn]   i
Titel:On the benefits of robo-advice in financial markets
Verf.angabe:Marco Lambrecht, Jörg Oechssler, Simon Weidenholzer
Verlagsort:Heidelberg
Verlag:Universitätsbibliothek Heidelberg
E-Jahr:2023
Jahr:13 September 2023
Umfang:1 Online-Ressource (47 Seiten)
Illustrationen:Diagramme
Gesamttitel/Reihe:AWI discussion paper series ; no. 734 (September 2023)
Abstract:Robo-advisors are novel tools in financial markets that provide investors with low-cost financial advice, usually based on individual characteristics like risk attitudes. In a portfolio choice experiment running over 10 weeks, we study how much investors benefit from robo advice. We also study whether robos increase financial market participation. The treatments are whether investors just receive advice, have a robo making all decisions for them, or have to trade on their own. We find no effect on initial market participation. But robos help investors to avoid mistakes, make rebalancing more frequent, and overall yield portfolios much closer to the utility maximizing ones. Robo-advisors that implement the recommendations by default do significantly better than those that just give advice.
DOI:doi:10.11588/heidok.00033830
URL:kostenfrei: Resolving-System: https://nbn-resolving.de/urn:nbn:de:bsz:16-heidok-338303
 kostenfrei: Resolving-System: http://dx.doi.org/10.11588/heidok.00033830
 kostenfrei: Volltext: http://www.ub.uni-heidelberg.de/archiv/33830
 kostenfrei: Verlag: http://archiv.ub.uni-heidelberg.de/volltextserver/33830/1/Lambrecht_et_al_2023_dp734.pdf
 kostenfrei: Resolving-System: https://nbn-resolving.org/urn:nbn:de:bsz:16-heidok-338303
 kostenfrei: Langzeitarchivierung Nationalbibliothek: https://d-nb.info/130366920X/34
 kostenfrei: Resolving-System: https://hdl.handle.net/10419/283380
 DOI: https://doi.org/10.11588/heidok.00033830
 10419/283380
URN:urn:nbn:de:bsz:16-heidok-338303
Datenträger:Online-Ressource
Sprache:eng
Sach-SW:algorithmic trading
 experiment
 financial markets
Form-SW:Graue Literatur
K10plus-PPN:186034416X
Verknüpfungen:→ Übergeordnete Aufnahme
 
 
Lokale URL UB: Zum Volltext

Permanenter Link auf diesen Titel (bookmarkfähig):  https://katalog.ub.uni-heidelberg.de/titel/69124762   QR-Code
zum Seitenanfang