|Publication type:||Article in scientific journal|
|Type of review:||Peer review (publication)|
|Title:||Can advisors eliminate the outcome bias in judgements and outcome-based emotions?|
|Published in:||Review of Behavioral Finance|
|Publisher / Ed. Institution:||Emerald|
|Subjects:||Emotions; Risk taking; Financial advice; Investment advisors; Outcome bias|
|Subject (DDC):||332: Financial economics|
|Abstract:||An outcome bias occurs when performance is evaluated based upon the outcome of the decision rather than upon the quality of the decision itself. The purpose of this paper is to test experimentally whether advisors eliminating the uncertainty in the quality of decisions as a potential driver of the outcome bias can eliminate this bias in judgements. Additionally, the paper analyses whether such advisors can attenuate the emotional experience after decisions’ outcomes by supporting the cognitive understanding of these outcomes.|
|Fulltext version:||Published version|
|License (according to publishing contract):||Licence according to publishing contract|
|Departement:||School of Management and Law|
|Organisational Unit:||Institute of Wealth & Asset Management (IWA)|
|Appears in collections:||Publikationen School of Management and Law|
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