1,580
Views
0
CrossRef citations to date
0
Altmetric
FINANCIAL ECONOMICS

An experiment on information presentation and investor mutual fund selection

, &
Article: 2190214 | Received 09 Sep 2022, Accepted 08 Mar 2023, Published online: 22 Mar 2023

Figures & data

Table 1. Fee minimization

Table 2. Descriptive statistics and multiple testing results for Experiment 1

Table 3. Allocation of the $10,000 among the four fund choices

Table 4. Average concentration measures by treatments

Table 5. Subject’s self-reported responses to PEQs

Table 6. One-way ANOVA for the PEQs

Table 7. Fee minimization

Table 8. Descriptive statistics and multiple testing results for Experiment 2

Table 9. Allocation of the $10,000 among the four fund choices

Table 10. Concentration measures by treatments

Table 11. Subject’s self-reported responses to PEQs

Table 12. One-way ANOVA for the PEQs

Table A2.1. Consequences and decisions for statistical tests

Table A2.2. Hypothesized response means for the 2 × 2 ANOVA for Experiment 1

Figure A2.1. SAS code and output to calculate the required sample size for Experiment 1.

Figure A2.1. SAS code and output to calculate the required sample size for Experiment 1.