When it comes to risk-taking behavior, experimental economics research is mainly concerned with how people take (financial) risks for themselves. However, a significant part of a financial professional’s role is taking financial decisions on behalf of third parties. Experimental finance provides controlled environments to test how remuneration structures affect investment decisions for real people. This chapter discusses recent findings of experimental studies on investment decisions making for other people.
|Title of host publication||Handbook of Experimental Finance|
|Editors||Sascha Füllbrunn, Ernan Haruvy|
|Publisher||Edward Elgar Publishing|
|Publication status||Accepted for publication - 24 Nov 2021|
- decision making for others
- experimental finance