Investing other people's money

Sascha Füllbrunn, Ola Kvaloy, Wolfgang Luhan*

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingChapter (peer-reviewed)peer-review

Abstract

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.
Original languageEnglish
Title of host publicationHandbook of Experimental Finance
EditorsSascha Füllbrunn, Ernan Haruvy
PublisherEdward Elgar Publishing
Publication statusAccepted for publication - 24 Nov 2021

Keywords

  • decision making for others
  • experimental finance

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