Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

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Distorted financial advice

Posted by hkarner - 12. Oktober 2015

Luigi Guiso, Gabriele Foà 12 October 2015

Yale University

Axa Professor of Household Finance, Einaudi Institute for Economics and Finance; CEPR Research Fellow

When it comes to financial products, households have limited ability to make a choice and they must rely on the advice of experts, and the more complex the decision, the more this is the case. Often, the expert they rely on for advice is also the supplier of the financial product, so that a conflict of interest may arise and with it the question: Does the expert provide recommendations in the customer’s interest or in his own? Den Rest des Beitrags lesen »

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