Professional financial advice, self‐control and saving behavior
نویسندگان
چکیده
منابع مشابه
Professional advice
This paper studies strategic communication by an expert who is concerned about appearing to be well informed. The expert is assumed to observe a private signal with a simple and particularly tractable (“multiplicative linear”) structure. The quality of the expert’s information is evaluated on the basis of the advice given and the realized state of the world. In equilibrium of this reputational ...
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Numerous online communities and e-commerce sites provide users with crowd-based recommendations to influence decision making about products. Similarly, automated recommender systems often use social advice or curated knowledge provided by experts to give customers personalized product recommendations. Little, however, is known about the relative strengths of these approaches in repeated-decisio...
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We show that the optimal asset allocation for an investor depends crucially on the theory with which the investor is modeled. For the same market data and the same client data different theories lead to different portfolios. The market data we consider is standard asset allocation data. The client data is determined by a standard risk profiling question and the theories we apply are mean–varian...
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BACKGROUND Financial advice from experts is commonly sought during times of uncertainty. While the field of neuroeconomics has made considerable progress in understanding the neurobiological basis of risky decision-making, the neural mechanisms through which external information, such as advice, is integrated during decision-making are poorly understood. In the current experiment, we investigat...
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ژورنال
عنوان ژورنال: International Journal of Consumer Studies
سال: 2018
ISSN: 1470-6423,1470-6431
DOI: 10.1111/ijcs.12480