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Financial literacy, economic preferences, and adolescents' field behavior

Razen, Michael; Huber, Jürgen; Hueber, Laura; … - 2020

Financial literacy and economic preferences are considered to be important drivers of health, income, and general well-being. In this paper we bridge the gap between studies on financial literacy and research on economic preferences by how they interplay with each other and the field behavior of...

Persistent link: https://www.econbiz.de/10012203420

Determinants of financial literacy and behavioral bias among adolescents

Aschenwald, Marco; Holzknecht, Armando; Kirchler, Michael; … - 2023

Building on cross-sectional data for Austrian high school students from fifth to twelfth grade, we investigate the …-making (i.e., financial knowledge, behavioral consistency, economic preferences, field behavior, and perception of financial … knowledge and risk-taking and that there is a strong and beneficial correlation between math grades and healthy financial …

Persistent link: https://www.econbiz.de/10013483340

Financial Literacy, Economic Preferences, and Adolescents' Field Behavior

Razen, Michael; Huber, Jürgen; Hueber, Laura; … - 2020

Financial literacy and economic preferences are considered to be important drivers of health, income, and general well-being. We bridge the gap between studies on financial literacy and research on economic preferences by investigating how they interplay with each other and with the field...

Persistent link: https://www.econbiz.de/10012609014

Determinants of financial literacy and behavioral bias among adolescents

Aschenwald, Marco; Holzknecht, Armando; Kirchler, Michael; … - 2023

Persistent link: https://www.econbiz.de/10014374388

Delegation Decisions in Finance

Holzmeister, Felix; Holmén, Martin; Kirchler, Michael; … - 2020

We run an online experiment with finance professionals and subjects from the general population (clients) to examine drivers and implications of clients' delegation decisions. We find that clients favor delegation to investment algorithms, followed by delegation to finance professionals with...

Persistent link: https://www.econbiz.de/10013208887

Status and Reputation Nudging

Rose, Julia; Kirchler, Michael; Palan, Stefan - 2019

Status and reputation concerns are conjectured to be important especially in markets with information asymmetries between buyers and sellers, such as in credence goods markets. To investigate the effects of status and reputation on reciprocal behavior of sales personnel in a financial credence...

Persistent link: https://www.econbiz.de/10012609008

Delegation Decisions in Finance

Holzmeister, Felix; Holmen, Martin; Kirchler, Michael; … - 2019

Persistent link: https://www.econbiz.de/10012609009

Market shocks and professionals' investment behavior - Evidence from the COVID-19 crash

Huber, Christoph; Huber, Jürgen; Kirchler, Michael - 2020

We investigate how the experience of extreme events, such as the COVID-19 market crash, influence risk-taking behavior. To isolate changes in risk taking from other factors, we ran controlled experiments with finance professionals in December 2019 and March 2020. We observe that their...

Persistent link: https://www.econbiz.de/10012609020

Unequal Opportunities, Social Groups, and Redistribution: Evidence from the General Population

Schwaiger, Rene; Huber, Jürgen; Kirchler, Michael; … - 2020

In this paper we investigate the generalizability of the role of unequal opportunities and social group membership in redistributive preferences for the general population. We present results from a large-scale online experiment with more than 4,000 participants. The experiment consists of a...

Persistent link: https://www.econbiz.de/10012609035

Economic Preferences and Personality Traits Among Finance Professionals and the General Population

Holmen, Martin; Holzmeister, Felix; Kirchler, Michael; … - 2021

Since the financial crisis, the behavior and personality traits of finance professionals have come under scrutiny. As comprehensive scientific findings are lacking, we run artefactual field experiments with finance professionals and a random sample of the working population to investigate...

Persistent link: https://www.econbiz.de/10012609046