Does training on behavioral finance influence fund managers' perception and behavior?

Arbeitspapier

This paper provides survey evidence on the influence of training on behavioral finance on professional fund managers' perception and investment behavior. In particular, it examines whether 'trained' fund managers differ from the 'untrained' ones in their perception of markets and themselves as well as in their choice of information sources and investment strategies. Additionally, the influence of integration of behavioral finance approaches into investment processes is also considered. The results reveal that training on behavioral finance basically intensifies the perception of biases in the behavior of others, i.e. the reflection effect and the home bias. Training also reduces the affinity to conformity, leading to less reliance on colleagues and other market participants as information sources. However, pure training is insufficient to significantly affect fund managers' investment behavior, but behavioral finance approaches need to be integrated into investment processes.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Diskussionsbeitrag ; No. 419

Klassifikation und Themen

• Klassifikation: Wirtschaft ; General Financial Markets: General (includes Measurement and Data) ; Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
• Thema: behavioral finance ; fund managers ; biases ; training ; integration ; Investmentfonds ; Führungskräfteausbildung ; Anlageverhalten ; Wahrnehmung ; Bias ; Deutschland

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Nikiforow, Marina
• Ereignis: Veröffentlichung
• (wer): Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät
• (wo): Hannover
• (wann): 2009

Weitere Informationen

• Handle: http://hdl.handle.net/10419/37114
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ