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

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 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...

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

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 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...

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

The effect of professionalism on investment decisions has been found to be ambiguous. If professional investors exhibit typical...

This paper examines whether recently introduced “village funds,” one of the largest microfinance programs ever implemented, improve...

Due to opaque information and weak enforcement in emerging loan markets, the need for collateral is high, whereas borrowers lack...

We show that technical indicators deliver economic value in predicting the U.S. equity premium. A crucial element of this value stems...

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

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

We show that technical indicators deliver economic value in predicting the U.S. equity premium. A crucial element of this value stems...