<> "The repository administrator has not yet configured an RDF license."^^ . <> . . "Essays on Risk Preferences and Behavioral Finance"^^ . "This thesis contributes to the field of behavioral economics. Research in behavioral economics investigates whether predictions of theoretical models and their underlying assumptions hold. It thereby enhances the predictive power of economics. While the first chapter provides an introduction and overview, Chapter 2 of this thesis studies whether an intergenerational transmission of risk preferences revealed by occupational choice from parents to children can be observed. The analysis shows that different male generations of a family indeed exhibit similar risky behavior, however, the link is rather weak. Chapter 3 answers the question of whether subjects are aware of the correlation between risk preferences and sociodemographic characteristics and attach informational value to sociodemographics when assessing the risk attitudes of others. The results of the experiment show that subjects recognize the correlation between the sociodemographic variables age, gender, parenthood and family status and risk preferences. Furthermore, subjects attach informational value to sociodemographic characteristics. Chapter 4 analyzes the process of the assessment of risk preferences of others in detail. A major asset is that our sample for the experiments in Chapter 3 and 4, besides student subjects, includes individuals that professionally make decisions on behalf of others every day: senior and junior advisors with differing years of counseling experience in the financial sector. In particular, it is studied whether professional and non-professional advisors are capable of correctly assessing the risk preferences of a specific advisee given sociodemographic information. The results of the experiment show, that when forming beliefs about the risk preferences of others, a false consensus bias of the advisors is present; the advisors' own risk preferences positively correlate with their beliefs about the advisees' ones. The precision of advice increases if more information is available. Professionals outperform non-professionals significantly when forecasting the risk attitudes of others. Chapter 5 of this thesis analyses whether herding out of reputational concerns exists in financial markets. Therefore, the subjects' behavior is studied in two treatments. First, in the role of financial investors, subjects take the decision which of two assets to buy without career concerns. In a second treatment, career concerns are incorporated. While in the first treatment, according to the theory, investors should always follow their own signal and buy the respective asset, in the second treatment with career concerns, investors should engage in herd behavior and neglect their own signal. However, the experimental results indicate that a similar herd behavior can be observed in the treatment with reputational concerns as well as in the treatment without reputational concerns. Moreover, we provide further evidence for investors (irrationally) imitating predecessors."^^ . "2012" . . . . . . . "Andrea"^^ . "Leuermann"^^ . "Andrea Leuermann"^^ . . . . . . "Essays on Risk Preferences and Behavioral Finance (PDF)"^^ . . . "THESIS.pdf"^^ . . . "Essays on Risk Preferences and Behavioral Finance (Other)"^^ . . . . . . "indexcodes.txt"^^ . . . "Essays on Risk Preferences and Behavioral Finance (Other)"^^ . . . . . . "lightbox.jpg"^^ . . . "Essays on Risk Preferences and Behavioral Finance (Other)"^^ . . . . . . "preview.jpg"^^ . . . "Essays on Risk Preferences and Behavioral Finance (Other)"^^ . . . . . . "medium.jpg"^^ . . . "Essays on Risk Preferences and Behavioral Finance (Other)"^^ . . . . . . "small.jpg"^^ . . "HTML Summary of #14388 \n\nEssays on Risk Preferences and Behavioral Finance\n\n" . "text/html" . . . "330 Wirtschaft"@de . "330 Economics"@en . .