Trust, ambiguity, and financial decision-making

Jim Engle-Warnick, Diego Pulido and Marine de Montaignac

CIRANO Working Papers from CIRANO

Abstract: This paper reports results from an on-line economics experiment with head of household participants that explores the connection between trust and investment behavior. We show that trust is correlated with both the degree to which an investor makes decisions independently and the willingness to invest in an ambiguous asset. Our experiment is the first to suggest a link between trust, ambiguity, and investor independence.

Keywords: trust; ambiguity; investment decisions; portfolio theory; artefactual field experiment (search for similar items in EconPapers)
JEL-codes: C91 C93 G02 G11 (search for similar items in EconPapers)
Date: 2016-08-24
New Economics Papers: this item is included in nep-cbe, nep-exp, nep-hpe, nep-soc and nep-upt
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Persistent link: https://EconPapers.repec.org/RePEc:cir:cirwor:2016s-44

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