Stereotypes and false consensus: How financial professionals predict risk preferences
Abstract
We analyze the prediction of risk preferences of others using an artefactual field experiment with financial professionals and students. For their prediction, the subjects receive information on multiple demographic characteristics and a self-assessment of risk taking of the target. When analyzing the predictions we find three significant effects: subjects use the demographic information for stereotyping as well as the target's self-assessment...
Paper Details
Title
Stereotypes and false consensus: How financial professionals predict risk preferences
Published Date
Nov 1, 2014
Volume
107
Pages
553 - 565
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