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Saturday, May 19 • 9:45am - 11:15am
F2c-The One-Man Show: Experimental Evidence for the Impact of Joint Decision-Making on Overconfidence

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Dominik Piehlmaier, Dee Warmath, Cliff Robb - Gender has been identified as a driving force behind excessive investor confidence in one’s portfolio and future returns (e.g. Barber and Odean (2001)). However, little attention has been given to the constituents of choice. We analyzed a cross-sectional dataset of 2,000 investors and found that shared decision-making within a household or with a financial advisor significantly reduces excessive confidence. The current experimental study expands these findings and provides a causal explanation of the results. Our pilot study with 122 college students suggests that men (p

Presenters
DM

Dominik Manuel Piehlmaier

Dissertator in Consumer Behavior and Family Economics, University of Wisconsin - Madison


Saturday May 19, 2018 9:45am - 11:15am
Gulf

Attendees (1)