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Understanding the Advice of Commissions-Motivated Agents:Evidence from the Indian Life Insurance Market
Customers Insurance Product Service Operations Agency Theory Sales Motivation and Incentives
2015/4/27
We conduct a series of field experiments to evaluate two competing views of the role of financial service intermediaries in providing product recommendations to potentially uninformed consumers. One v...
Effects of Task Difficulty on Use of Advice
advice judgmental weighting difficulty comparative judgment egocentrism
2015/4/20
Although prior studies have found that people generally underweight advice from others,such discounting of advice is not universal. Two studies examined the impact of task difficulty on the use of adv...
Revisiting the advice to buy real estate
predictions the trends of real estate business investment purchasing some VNQ
2011/9/14
In this article the author discusses the 2010 predictions regarding the trends of real estate business and investment in the U.S. 2011. He says that he had advised investors to tray the Vanguard real ...
Investor Prudence and the Role of Financial Advice
Financial Advice Investor Prudence financial sophistication
2011/8/20
Investors have difficulties making optimal long-term financial decisions for reasons such as shortsightedness, a lack of financial sophistication, and an inability to self-regulate. Using propriety da...
Patterns of Financial Well-Being and Their Implications for Financial Advice
Financial Well-Being Financial Advice Patterns
2011/8/20
Research on the sources of individual well-being provides a valuable resource for financial advisors. The importance of both psychological and economic factors to financial well-being is discussed. Th...