Social motives and risk-taking in investment decisions

DOI10.1016/J.JEDC.2021.104116MaRDI QIDQ2246594zbMATH OpenOpenAlexFDO

Authors Florian Lindner, Michael Kirchler, Stephanie Rosenkranz, Utz Weitzel

Publication date 16 November 2021

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Copyright license Creative Commons Attribution 4.0 International

Full work available at URL https://doi.org/10.1016/j.jedc.2021.104116

zbMATH Keywords

behavioral economicsexperimental financeinvestment gamerank incentivesreputational motivessocial status

Mathematics Subject Classification ID

Portfolio theory (91G10)

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Cites work

• A simple test of expected utility theory using professional traders
• Do subjects separate (or are they sophisticated)?
• On the validity of the random lottery incentive system
• Optimal risk taking in an uneven tournament game with risk averse players
• Risk and rationality: uncovering heterogeneity in probability distortion
• Strive to be first or avoid being last: an experiment on relative performance incentives
• The nature of tournaments

Cited in

(5)

• Risk-based strategies: the social responsibility of investment universes does matter
• For whom does social comparison induce risk-taking?
• Competition and equilibrium effort choice
• Socially interdependent risk taking
• Trading institutions, emotional arousal, and overbidding

Describes a project that uses

Uses Software

• hroot
• Z-Tree

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