Felix Holzmeister, Juergen Huber, Michael Kirchler, Florian Lindner, Utz Weitzel, Stefan Zeisberger
Abstract:Risk is an integral part of many economic decisions, and is vitally important in finance. Despite extensive research on decision-making under risk, little is known about how risks are actually perceived by financial professionals, the key players in global financial markets. In a large-scale survey experiment with 2,213 finance professionals and 4,559 lay people in nine countries representing ∼50% of the world's population and more than 60% of the world's gross domestic product, we expose participants to retur…
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