Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: http://hdl.handle.net/10419/170967
Autor:innen: 
De Paola, Maria
Gioia, Francesca
Piluso, Fabio
Datum: 
2017
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 10983
Verlag: 
Institute of Labor Economics (IZA), Bonn
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.
Schlagwörter: 
financial trading
behavioural biases
reminders
nudges
home bias
status quo bias
risk aversion
JEL: 
D14
E21
E22
O16
Dokumentart: 
Working Paper

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