title: Investment Preferences and Risk Perception: Financial Agents versus Clients
creator: Kling, Luisa
creator: König-Kersting, Christian
creator: Trautmann, Stefan T.
subject: ddc-330
subject: 330 Economics
description: We study three fundamental components of financial agency settings: Perception and communication of investment profiles, the interaction of agents’ and clients’ preferences, and the role of (non-)monetary incentives. The perception of investment profile terminology is very heterogeneous, resulting in substantial miscommunication between clients and agents. Financial agents show a high willingness to implement their clients’ preferred investment profiles independent of monetary incentives. Agents’ investments for their clients are biased by their own investment preferences.
date: 2019-11
type: Working paper
type: info:eu-repo/semantics/workingPaper
type: NonPeerReviewed
format: application/pdf
identifier: https://archiv.ub.uni-heidelberg.de/volltextserverhttps://archiv.ub.uni-heidelberg.de/volltextserver/27393/3/Kling_2019_dp674.pdf
identifier: DOI:10.11588/heidok.00027393
identifier: urn:nbn:de:bsz:16-heidok-273931
identifier:   Kling, Luisa ; König-Kersting, Christian ; Trautmann, Stefan T.  (2019) Investment Preferences and Risk Perception: Financial Agents versus Clients.  [Working paper]     
relation: https://archiv.ub.uni-heidelberg.de/volltextserver/27393/
rights: info:eu-repo/semantics/openAccess
rights: http://archiv.ub.uni-heidelberg.de/volltextserver/help/license_urhg.html
language: eng