Investment preferences and risk perception: financial agents versus clients
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 i...
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| Main Authors: | , , |
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| Format: | Book/Monograph Working Paper |
| Language: | English |
| Published: |
University of Heidelberg, Department of Economics
November 18, 2019
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| Series: | Discussion paper series / University of Heidelberg, Department of Economics
no. 674 |
| In: |
Discussion paper series (no. 674)
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| DOI: | 10.11588/heidok.00027393 |
| Subjects: | |
| Online Access: | Resolving-System, kostenfrei: https://nbn-resolving.de/urn:nbn:de:bsz:16-heidok-273931 Resolving-System, kostenfrei: http://dx.doi.org/10.11588/heidok.00027393 Verlag, kostenfrei, Volltext: http://www.ub.uni-heidelberg.de/archiv/27393 Resolving-System, kostenfrei: http://hdl.handle.net/10419/234996 
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| Author Notes: | Luisa Kling, Christian König-Kersting, and Stefan T. Trautmann |
MARC
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| 520 | |a 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. | ||
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