Investing other People’s Money
Published in HANDBOOK OF EXPERIMENTAL FINANCE, Sascha Füllbrunn and Ernan Haruvy (eds), Edward Elgar Publishing, Forthcoming
Posted: 24 Nov 2021 Last revised: 20 Oct 2022
Date Written: November 24, 2021
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.
Keywords: Decision making for others, Experimental Finance
JEL Classification: C91, D81, G11
Suggested Citation: Suggested Citation