Do Robo-Advisors Make Us Better Investors
In this video, we take a deep dive into the world of robo-advisors and explore whether they truly make us better investors. We analyze the latest data and research on the topic, and provide a comprehensive overview of the pros and cons of using robo-advisors for investing. Our expert panel weighs in on the effectiveness of robo-advisors, and we provide a behavioral finance perspective on their impact. Whether you're a beginner or an experienced investor, this video will provide valuable insights into the role of robo-advisors in the investment...
Investors increasingly can obtain advice from “robo-advisors,” artificial intelligence–enabled digitalized service agents. We study whether and why the provision of investment advice from a robo-advisor improves individuals’ investment decisions. In two consequential induced-value experiments, we analyze the well documented disposition effect, which reflects investors’ greater propensity to realize past gains than past losses. We find that the availability of a robo-advisor reduces (i.e., mitigates) investors’ disposition effect. Moreover, imbuing the robo-advisor with social design elements (e.g., a name and the ability to communicate using natural language) negatively affects investment behavior (i.e., increases the disposition effect). The extent to which investors seek advice mediates this effect, i.e., investors ask for advice to a lesser extent from a robo-advisor with, compared to without, social design elements. These results help advance our understanding on the benefits and limitations of artificial intelligence-enabled advisors for improving investors’ behavior in the context of increased digitization of financial services.
#roboadvisors #investing #finance #wealthmanagement #investmentstrategy #financialplanning #passiveinvesting #ETFs #indexfunds #wealthcreation #moneymanagement #retirementplanning #financialfreedom #personalfinance #investments
-
1:02:51
In The Litter Box w/ Jewels & Catturd
20 hours agoJudas Johnson Ouster Fails | In the Litter Box w/ Jewels & Catturd - Ep. 564 - 5/9/2024
34.1K48 -
21:22
Stephen Gardner
3 hours ago🔴Trump OVERWHELMED WITH JOY over surprise turn of events!
22.4K86 -
11:27
Morgonn
4 hours ago10 Things You DON'T KNOW about Riley Gaines Barker - EXCLUSIVE!!!
20.8K18 -
46:01
ANDYFRISELLA
6 hours agoWhat High Performers Understand About Success - Ep 702 Q&AF
29.3K17 -
3:04:36
Russell Brand
8 hours agoBREAKING: Pfizer Settles 10,000 Lawsuits For Hiding CANCER Risks! - Stay Free #362
206K511 -
2:57:33
The Charlie Kirk Show
6 hours agoSpeaker Johnson's Dem Alliance + Biden's Rafah Threat + Vaccine Recall | Choe, Dr. Malone, Robison
123K123 -
44:58
TheAlecLaceShow
8 hours agoGuest: Forgiato Blow | Liberty or Death for Trump | Hochul’s Racist Comment | The Alec Lace Show
41.1K9 -
59:00
The Dan Bongino Show
9 hours agoAre They Getting Ready To Dump Biden? (Ep. 2246) - 05/09/2024
522K1.7K -
56:41
Dave Portnoy
7 hours agoThe Unnamed Show With Dave Portnoy, Kirk Minihane, Ryan Whitney - Ep. 13
49.7K14 -
1:19:00
Steven Crowder
9 hours agoBradley Martyn and Vitaly's Hollywood Pedo Bust Goes Wrong! Guests: Alex Rosen | Vivek Ramaswamy
351K648