This paper presents an online-experiment on overconfidence in the context of financial markets. Our subject pool consists of...

This paper presents an online-experiment on overconfidence in the context of financial markets. Our subject pool consists of...

We offer a new test of the ex ante theory of collateral. Theory states that lenders rely less on collateral if they have better...

This paper analyzes the state and impact of financial literacy in a so far largely neglected group: the middle class in emerging...

We compare seven established risk elicitation methods and investigate how they explain an extensive set of risky behavior from a large...

Using data for the trades of 19 central banks intervening in currency markets, we show that leaning against the wind by individual...

We compare seven established risk elicitation methods and investigate how robustly they explain eleven kinds of risky behavior with...

Using a large panel of individual professionals' forecasts, this paper demonstrates that good exchange rate forecasts are related to a...

Using a large panel of individual professionals' forecasts, this paper demonstrates that good exchange rate forecasts are related to a...

This paper complements evidence on the Allais paradox from advanced countries and educated people by a novel investigation in a poor...

This paper complements evidence on the Allais paradox from advanced countries and educated people by a novel investigation in a poor...

This paper examines financial professionals’ overconfidence in their forecasting performance. We compare individuals’ self-rating of...

Nowadays foreign exchange interventions occur in emerging market economies, whereas empirical studies on interventions mainly refer to...

This study examines foreign exchange intervention based on novel daily data covering 33 countries from 1995 to 2011. We find that...

We examine whether the experience of shocks influences individual risk attitude. We measure risk attitude via a simple survey item,...

This study validates a survey-based measure of general risk attitude by an incentive compatible experiment among more than 900...

Existing empirical evidence is inconclusive on whether professional investors show sophisticated behavior or not, a question which is...

We examine whether the experience of shocks influences individual risk attitude. We measure risk attitude via a simple survey item,...