Titelaufnahme

Titel
Does reminding of behavioural biases increase returns from financial trading? : a field experiment / Maria De Paola (University of Calabria and IZA), Francesca Gioia (University of Edinburgh and University of Calabria), Fabio Piluso (University of Calabria) ; IZA Institute of Labor Economics
VerfasserDe Paola, Maria In der Gemeinsamen Normdatei der DNB nachschlagen ; Gioia, Francesca In der Gemeinsamen Normdatei der DNB nachschlagen ; Lehmann, Hartmut In der Gemeinsamen Normdatei der DNB nachschlagen
KörperschaftForschungsinstitut zur Zukunft der Arbeit In der Gemeinsamen Normdatei der DNB nachschlagen
ErschienenBonn, Germany : IZA Institute of Labor Economics, September 2017
Ausgabe
Elektronische Ressource
Umfang1 Online-Ressource (24 Seiten) : Illustrationen, Diagramme
SerieDiscussion paper ; no. 10983
URNurn:nbn:de:hbz:5:2-138479 Persistent Identifier (URN)
Zugriffsbeschränkung
 Das Dokument ist frei verfügbar.
Volltexte
Does reminding of behavioural biases increase returns from financial trading? [1.22 mb]
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Zusammenfassung

We ran a field experiment to investigate whether nudge policies, consisting in behavioural insight messaging, help to improve performance in financial trading. Our experiment involved students enrolled in a financial trading course in an Italian University who were invited to trade on Borsa Italiana's virtual platform. Students were randomly assigned to a control group and a treatment group. Treated students received a message reminding them of the existence of behavioural biases in financial trading. We find that treated students significantly improve the performance of their portfolio. Several behaviours may explain the increase in performance. We find evidence pointing to a reduction in the home and status quo biases for risk averse nudged participants.