Please use this identifier to cite or link to this item:
Leuermann, Andrea
Roth, Benjamin
Year of Publication: 
Series/Report no.: 
Discussion Paper Series 533
Recent studies have found correlations between risk attitudes and several sociodemographic characteristics. In this paper, we deploy an artefactual fi eld experiment and study whether subjects - non-professionals and financial professionals - are aware of these correlations. This is largely confi rmed by our results for all subject groups. We show that the subjects attach informational value to sociodemographic information when assessing others' risk attitudes. This provides external validity to the correlations found between risk preferences and sociodemographics. A person's self-assessment of risk attitudes is the most helpful device for the subjects' assessments of others, although experienced professionals make use of it to a minor extent than all other subjects.
Risk Preferences
Financial Advice
Artefactual Field Experiment
Behavioral Finance
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

Files in This Item:
3.1 MB

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.