Self-Dealing and Compensation for Financial Advisors

2009 ◽  
Author(s):  
Joanne Yoong ◽  
Angela Hung
Keyword(s):  
Financial Advisors

Model-Based and Model-Free Social Cognition

2019 ◽  
Author(s):  
Leor M Hackel ◽  
Jeffrey Jordan Berg ◽  
Björn Lindström ◽  
David Amodio
Keyword(s):  
Reinforcement Learning ◽  
Social Cognition ◽  
Learning Strategies ◽  
Memory Systems ◽  
Learning Task ◽  
Financial Advisors ◽  
Model Based ◽  
Model Free ◽  
Systems Model ◽  
Task Assessment

Do habits play a role in our social impressions? To investigate the contribution of habits to the formation of social attitudes, we examined the roles of model-free and model-based reinforcement learning in social interactions—computations linked in past work to habit and planning, respectively. Participants in this study learned about novel individuals in a sequential reinforcement learning paradigm, choosing financial advisors who led them to high- or low-paying stocks. Results indicated that participants relied on both model-based and model-free learning, such that each independently predicted choice during the learning task and self-reported liking in a post-task assessment. Specifically, participants liked advisors who could provide large future rewards as well as advisors who had provided them with large rewards in the past. Moreover, participants varied in their use of model-based and model-free learning strategies, and this individual difference influenced the way in which learning related to self-reported attitudes: among participants who relied more on model-free learning, model-free social learning related more to post-task attitudes. We discuss implications for attitudes, trait impressions, and social behavior, as well as the role of habits in a memory systems model of social cognition.

Uncovering gender bias in attitudes towards financial advisors

2021 ◽  
Vol 189 ◽  
pp. 257-273
Author(s):  
Galit Klein ◽  
Zeev Shtudiner ◽  
Moti Zwilling
Keyword(s):  
Gender Bias ◽  
Financial Advisors

scholarly journals Household Wealth: Low-Yielding and Poorly Structured?

2021 ◽  
Vol 14 (3) ◽  
pp. 99
Author(s):  
Marc Peter Radke ◽  
Manuel Rupprecht
Keyword(s):  
Household Wealth ◽  
Financial Advisors ◽  
Investment Fund ◽  
Data Set ◽  
Public And Private ◽  
Consistent Manner ◽  
Widespread Belief ◽  
International Comparative ◽  
Real Returns ◽  
Mean Variance

In this paper, we present a newly generated data set on real returns of households’ aggregated asset holdings, which adds additional and more sophisticated information to existing relevant datasets in the literature. To do this, we draw on various datasets from public and private sources and then transform and combine them in a consistent manner that allows for international comparative and intertemporal analyses. Based on this, we address two current debates on the development of household wealth in the euro area that have been triggered by the low-interest environment. The first debate refers to the development of real yields on household wealth from 2000 to 2018, whereas the second debate deals with the mean-variance efficiency of household portfolios. Contrary to widespread belief, we find that yields on total wealth, which were largely dominated by non-financial assets’ yields, were mostly positive, although they exhibit a declining trend. Moreover, on average, overall real yields were significantly lower after 2008. Referring to portfolio efficiency, we find that current portfolios seem to be comparatively close to mean-variance efficiency. If households were to optimize their portfolios despite limited room for improvement, holdings of equity and investment fund shares should be reduced, contradicting common recommendations of financial advisors.

scholarly journals Factors Impacting Pharmaceutical Prices and Affordability: Narrative Review

Pharmacy ◽  
2020 ◽  
Vol 9 (1) ◽  
pp. 1
Author(s):  
Kah Seng Lee ◽  
Yaman Walid Kassab ◽  
Nur Akmar Taha ◽  
Zainol Akbar Zainal
Keyword(s):  
Narrative Review ◽  
Financial Advisors ◽  
Cost Information ◽  
Electronic Prescription ◽  
Related Information ◽  
Pharmaceutical Distribution ◽  
Out Of Pocket Expenses ◽  
Additional Charges ◽  
The Impact ◽  
Pharmaceutical Prices

Increasing prescription drug pricing often reflects additional work stress on medical professionals because they function as financial advisors for patients and help them manage out-of-pocket expenses. Providers or prescribers wish to help patients with prescription costs but often lack related information. Healthcare plan providers try to display prescription and drug cost information on their websites, but such data may not be linked to electronic prescription software. A mark-up is defined as the additional charges and costs that are applied to the price of a product for the purpose of covering overhead costs, distribution charges, and profit. Therefore, the policies implemented in the pharmaceutical distribution chain might include the regulation of wholesale and retails mark-ups and pharmaceutical remuneration. If mark-ups are regulated, countries are highly recommended to use regressive mark-ups rather than fixed percentage mark-ups. This narrative review provides insights into the framework of pharmaceutical mark-up systems by describing different factors impacting pharmaceutical prices and affordability. These include the interplay of medicine pricing and the supply chain, the impact of pertinent laws and regulation and out-of-pocket expenditure.

Determinants of performance of independent financial advisors

2013 ◽  
Vol 9 (4) ◽  
pp. 581-601 ◽  
Author(s):  
Carlos Lassala ◽  
Alexandre Momparler ◽  
Pedro Carmona
Keyword(s):  
Financial Advisors ◽  
Independent Financial Advisors
Sign in / Sign up

Export Citation Format

Share Document