Brown Bag Seminar - Florian Lindner
Wir freuen uns, für 18. Dezember 2019, ein Brown Bag Seminar mit Florian Lindner (Max Planck Institute for Research on Collective Goods) ankündigen zu können.
Florian Lindner wird sein Paper "Delegated Investment Decisions and Rankings" vorstellen.
Die Veranstaltung findet in Raum D4.0.019 von 12:00-13:00 Uhr statt.
Abstract: Two aspects of social context are central to the finance industry. First, financial professionals usually make investment decisions on behalf of third parties. Second, social competition, in the form of performance rankings, is pervasive. Therefore, we investigate professionals' risk-taking behavior under social competition when investing for others. We run online and lab-in-the-field experiments with 965 financial professionals and show that professionals increase their risk taking for others when they lag behind. Additional survey evidence from 1,349 respondents reveals that professionals' preferences for high rankings are significantly stronger than those of the general population.