The demand for structured products: an experimental approach
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comunitat-uji-handle2:10234/8643
comunitat-uji-handle3:10234/8644
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INVESTIGACIONMetadata
Title
The demand for structured products: an experimental approachAuthor (s)
Date
2014Publisher
WileyISSN
1468-0106; 1361-374XType
info:eu-repo/semantics/articlePublisher version
http://onlinelibrary.wiley.com/doi/10.1111/1468-0106.12069/epdfVersion
info:eu-repo/semantics/submittedVersionSubject
Abstract
Guaranteed investment funds are showing an important growth in the mutual fund industry. We
analyze this type of fund’s demand using the experimental methodology. Different types of structured
guaranteed funds, with ... [+]
Guaranteed investment funds are showing an important growth in the mutual fund industry. We
analyze this type of fund’s demand using the experimental methodology. Different types of structured
guaranteed funds, with certain combinations of secured and additional benefits, are sequentially offered to
university students who act as investors. Subjects also have the possibility to buy bonds. Our results show that
information available to investors, and particularly the order in which it is presented, generates significant biases
in their decision making which can have both positive and negative effects on their financial behavior. In fact,
when the investment alternatives are made easier to compare, “too good to be true” investment offers get more
easily spotted, while “guaranteed” investment products with a positive evolution result overvalued in comparison
to bonds. [-]
Is part of
Pacific Economic Review, 19: 3 (2014)Rights
© 2014 Wiley Publishing Asia Pty Ltd
"This is the pre-peer reviewed version of the following article: BREABAN, Adriana Gabriela, et al. The demand for
structured products: an experimental approach.
2012., which has been published in final form at http://dx.doi.org/10.1111/1468-0106.12069. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving."
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info:eu-repo/semantics/openAccess
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