Does risk sorting explain overpricing in experimental asset markets?

Hubert Janos Kiss, László Kóczy (), Ágnes Pintér and Balázs Sziklai

Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), 2022, vol. 99, issue C

Abstract: Sorting according to the gender or cognitive abilities of the traders has been investigated as a potential source of overpricing in asset markets. Here we study if sorting according to risk attitudes matters, motivated by the fact that filtering out risk-averse investors is practiced widely in Europe and is in line with the Markets in Financial Instruments Directive (MiFID) of the EU.

Keywords: Asset market; Overpricing; Experiment; Risk sorting; MiFID (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eee:soceco:v:99:y:2022:i:c:s2214804322000568

DOI: 10.1016/j.socec.2022.101882

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