Stereotypes and false consensus: how financial professionals predict risk preferences

We analyze the prediction of risk preferences of others using an artefactual field experiment with financial professionals and students. For their prediction, the subjects receive information on multiple demographic characteristics and a self-assessment of risk taking of the target. When analyzing t...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Hauptverfasser: Roth, Benjamin (VerfasserIn) , Voskort, Andrea (VerfasserIn)
Dokumenttyp: Article (Journal)
Sprache:Englisch
Veröffentlicht: 13 June 2014
In: Journal of economic behavior & organization
Year: 2014, Jahrgang: 107, Pages: 553-565
ISSN:1879-1751
DOI:10.1016/j.jebo.2014.05.006
Online-Zugang:Verlag, lizenzpflichtig, Volltext: https://doi.org/10.1016/j.jebo.2014.05.006
Verlag, lizenzpflichtig, Volltext: http://www.sciencedirect.com/science/article/pii/S0167268114001632
Volltext
Verfasserangaben:Benjamin Roth, Andrea Voskort

MARC

LEADER 00000caa a2200000 c 4500
001 1727326121
003 DE-627
005 20220818180011.0
007 cr uuu---uuuuu
008 200818s2014 xx |||||o 00| ||eng c
024 7 |a 10.1016/j.jebo.2014.05.006  |2 doi 
035 |a (DE-627)1727326121 
035 |a (DE-599)KXP1727326121 
035 |a (OCoLC)1341355647 
040 |a DE-627  |b ger  |c DE-627  |e rda 
041 |a eng 
084 |a 17  |2 sdnb 
100 1 |a Roth, Benjamin  |e VerfasserIn  |0 (DE-588)1024869261  |0 (DE-627)720703727  |0 (DE-576)369595009  |4 aut 
245 1 0 |a Stereotypes and false consensus  |b how financial professionals predict risk preferences  |c Benjamin Roth, Andrea Voskort 
264 1 |c 13 June 2014 
300 |a 13 
336 |a Text  |b txt  |2 rdacontent 
337 |a Computermedien  |b c  |2 rdamedia 
338 |a Online-Ressource  |b cr  |2 rdacarrier 
500 |a Gesehen am 18.08.2020 
520 |a We analyze the prediction of risk preferences of others using an artefactual field experiment with financial professionals and students. For their prediction, the subjects receive information on multiple demographic characteristics and a self-assessment of risk taking of the target. When analyzing the predictions we find three significant effects: subjects use the demographic information for stereotyping as well as the target's self-assessment on risk taking, and we find a considerable false consensus effect. The false consensus effect is the strongest for experienced professionals. Regarding the prediction's accuracy, we find that the forecasts of the professionals are more accurate than the forecasts of the students. 
650 4 |a Artefactual field experiment 
650 4 |a Behavioral finance 
650 4 |a Financial advice 
650 4 |a Risk preferences 
700 1 |a Voskort, Andrea  |e VerfasserIn  |0 (DE-588)1107277612  |0 (DE-627)863470629  |0 (DE-576)47506299X  |4 aut 
773 0 8 |i Enthalten in  |t Journal of economic behavior & organization  |d Amsterdam [u.a.] : Elsevier, 1980  |g 107(2014), Seite 553-565  |h Online-Ressource  |w (DE-627)253781825  |w (DE-600)1460618-5  |w (DE-576)072794445  |x 1879-1751  |7 nnas  |a Stereotypes and false consensus how financial professionals predict risk preferences 
773 1 8 |g volume:107  |g year:2014  |g pages:553-565  |g extent:13  |a Stereotypes and false consensus how financial professionals predict risk preferences 
856 4 0 |u https://doi.org/10.1016/j.jebo.2014.05.006  |x Verlag  |x Resolving-System  |z lizenzpflichtig  |3 Volltext 
856 4 0 |u http://www.sciencedirect.com/science/article/pii/S0167268114001632  |x Verlag  |z lizenzpflichtig  |3 Volltext 
951 |a AR 
992 |a 20200818 
993 |a Article 
994 |a 2014 
998 |g 1024869261  |a Roth, Benjamin  |m 1024869261:Roth, Benjamin  |d 180000  |d 181000  |e 180000PR1024869261  |e 181000PR1024869261  |k 0/180000/  |k 1/180000/181000/  |p 1  |x j 
999 |a KXP-PPN1727326121  |e 3740695765 
BIB |a Y 
SER |a journal 
JSO |a {"recId":"1727326121","language":["eng"],"note":["Gesehen am 18.08.2020"],"type":{"bibl":"article-journal","media":"Online-Ressource"},"person":[{"given":"Benjamin","family":"Roth","role":"aut","display":"Roth, Benjamin","roleDisplay":"VerfasserIn"},{"given":"Andrea","family":"Voskort","role":"aut","display":"Voskort, Andrea","roleDisplay":"VerfasserIn"}],"title":[{"title_sort":"Stereotypes and false consensus","title":"Stereotypes and false consensus","subtitle":"how financial professionals predict risk preferences"}],"relHost":[{"physDesc":[{"extent":"Online-Ressource"}],"id":{"issn":["1879-1751","0167-2681"],"zdb":["1460618-5"],"eki":["253781825"]},"origin":[{"publisherPlace":"Amsterdam [u.a.] ; Amsterdam","dateIssuedDisp":"1980-","publisher":"Elsevier ; North-Holland Publ. Co.","dateIssuedKey":"1980"}],"recId":"253781825","language":["eng"],"note":["Gesehen am 03.01.11"],"disp":"Stereotypes and false consensus how financial professionals predict risk preferencesJournal of economic behavior & organization","type":{"media":"Online-Ressource","bibl":"periodical"},"part":{"extent":"13","volume":"107","text":"107(2014), Seite 553-565","pages":"553-565","year":"2014"},"pubHistory":["1.1980 -"],"title":[{"title":"Journal of economic behavior & organization","title_sort":"Journal of economic behavior & organization"}]}],"physDesc":[{"extent":"13 S."}],"name":{"displayForm":["Benjamin Roth, Andrea Voskort"]},"id":{"eki":["1727326121"],"doi":["10.1016/j.jebo.2014.05.006"]},"origin":[{"dateIssuedKey":"2014","dateIssuedDisp":"13 June 2014"}]} 
SRT |a ROTHBENJAMSTEREOTYPE1320