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dc.contributor.authorBachmann, Kremena-
dc.date.accessioned2019-11-14T15:06:32Z-
dc.date.available2019-11-14T15:06:32Z-
dc.date.issued2016-11-01-
dc.identifier.issn1556-5068de_CH
dc.identifier.urihttps://digitalcollection.zhaw.ch/handle/11475/18704-
dc.description.abstractThis paper analyzes experimentally whether responsibility sharing can reduce the emotionally motivated aspiration to bias beliefs toward previous decisions and whether this influences the subsequent investment behavior. The results suggest that decision-makers tend to form beliefs that justify the previous investment decisions. A stronger risk taking motivates more optimistic beliefs, in particular if it leads to losses. Sharing the responsibility for the risk taking reduces the bias in the beliefs and this helps decision-makers to reduce the risk taking and limit the losses. The results suggest that there is a beliefs channel, which explains why investors find it easier to realize losses with actively managed funds than losses with stocks.de_CH
dc.format.extent21de_CH
dc.language.isoende_CH
dc.publisherSocial Science Research Networkde_CH
dc.rightsLicence according to publishing contractde_CH
dc.subjectRisk takingde_CH
dc.subjectDelegationde_CH
dc.subjectEmotionde_CH
dc.subjectCognitive dissonancede_CH
dc.subjectDisposition effectde_CH
dc.subjectReversed disposition effectde_CH
dc.subject.ddc658.4: Leitendes Managementde_CH
dc.titleResponsibility sharing, beliefs and risk takingde_CH
dc.typeWorking Paper – Gutachten – Studiede_CH
dcterms.typeTextde_CH
zhaw.departementSchool of Management and Lawde_CH
zhaw.organisationalunitInstitut für Wealth & Asset Management (IWA)de_CH
dc.identifier.doi10.2139/ssrn.2862308de_CH
zhaw.funding.euNode_CH
zhaw.originated.zhawNode_CH
zhaw.author.additionalNode_CH
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Bachmann, K. (2016). Responsibility sharing, beliefs and risk taking. Social Science Research Network. https://doi.org/10.2139/ssrn.2862308
Bachmann, K. (2016) Responsibility sharing, beliefs and risk taking. Social Science Research Network. Available at: https://doi.org/10.2139/ssrn.2862308.
K. Bachmann, “Responsibility sharing, beliefs and risk taking,” Social Science Research Network, Nov. 2016. doi: 10.2139/ssrn.2862308.
BACHMANN, Kremena, 2016. Responsibility sharing, beliefs and risk taking. Social Science Research Network
Bachmann, Kremena. 2016. “Responsibility Sharing, Beliefs and Risk Taking.” Social Science Research Network. https://doi.org/10.2139/ssrn.2862308.
Bachmann, Kremena. Responsibility Sharing, Beliefs and Risk Taking. Social Science Research Network, 1 Nov. 2016, https://doi.org/10.2139/ssrn.2862308.


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