[HTML][HTML] Market shocks and professionals' investment behavior–Evidence from the COVID-19 crash
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 …
influence risk-taking behavior. To isolate changes in risk-taking from other factors, we ran …
[HTML][HTML] Experimenting with financial professionals
As key players in financial markets and the broader industry, financial professionals are
increasingly used as experimental research participants. We review over 50 studies …
increasingly used as experimental research participants. We review over 50 studies …
Finance and intelligence: An overview of the literature
Do more intelligent investors take better economic decisions than less intelligent ones? Is
risk attitude, in particular risk/loss aversion, linked to cognitive ability? Does an investor's …
risk attitude, in particular risk/loss aversion, linked to cognitive ability? Does an investor's …
COVID caused a negative bubble. Who profited? Who lost? How stock markets changed?
Compiling a unique, worldwide collection of trading data, we analyze investor types'
aggregate trading in stock markets throughout the COVID-19 episode, to assess investor …
aggregate trading in stock markets throughout the COVID-19 episode, to assess investor …
The role of media coverage in the bubble formation: evidence from the Bitcoin market
This paper explores the role of media coverage in bubble formation in the Bitcoin market.
Three main findings emerge. First, media coverage, regardless of the tone, increases the …
Three main findings emerge. First, media coverage, regardless of the tone, increases the …
Economic preferences and personality traits among finance professionals and the general population
Based on artefactual field experiments, we investigate whether finance professionals differ
from a sample of the working population in terms of industry-relevant preferences and …
from a sample of the working population in terms of industry-relevant preferences and …
[HTML][HTML] Selection, socialization, and risk preferences in the finance industry: Longitudinal evidence for German finance professionals
The financial sector plays a crucial role in society. Consequently, prior research has
examined the preferences of professionals working in finance. However, these studies have …
examined the preferences of professionals working in finance. However, these studies have …
How much information is incorporated into financial asset prices? Experimental evidence
We investigate the informational content of prices in financial asset markets. To do so, we
use a large number of market experiments in which the amount of information held by …
use a large number of market experiments in which the amount of information held by …
[HTML][HTML] Experiments in finance: A survey of historical trends
Experiments complement other methods in identifying causal relationships and measuring
behavioral deviations from theoretical predictions. While the experimental method has long …
behavioral deviations from theoretical predictions. While the experimental method has long …
Experience does not eliminate bubbles: Experimental evidence
We study the role of investor experience in the formation of asset price bubbles. We conduct
a call market experiment in which participants trade assets with each other and a learning-to …
a call market experiment in which participants trade assets with each other and a learning-to …