Publication: Improving investment decisions with simulated experience
Improving investment decisions with simulated experience
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Bradbury, M. A. S., Hens, T., & Zeisberger, S. (2015). Improving investment decisions with simulated experience. Review of Finance, 19(3), 1019–1052. https://doi.org/10.1093/rof/rfu021
Abstract
Abstract
Abstract
We apply a new and innovative approach to communicating risks associated with financial products that should support investors in making better investment decisions. In our experiments, participants are able to gain "simulated experience" by random sampling of a previously described return distribution. We find that simulated experience considerably improves participants’ understanding of the underlying risk-return profile and prompts them to reconsider their investment decisions and to choose riskier financial products without regret
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- Bradbury, Meike A S
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Citations
Bradbury, M. A. S., Hens, T., & Zeisberger, S. (2015). Improving investment decisions with simulated experience. Review of Finance, 19(3), 1019–1052. https://doi.org/10.1093/rof/rfu021
