Research

Refereed Publications

Is Unbiased Financial Advice to Retail Investors Sufficient? Answers from a Large Field Study, with U. Bhattacharya, A. Hackethal, S. Kaeslar, and S. Meyer, Review of Financial Studies, 2012, 25, 975-1032. (Was the lead article, working paper)

Abusing ETFs, with U. Bhattacharya, S. Meyer, and A. Hackethal, Review of Finance, 2017, 21, 1217-50. (Was a feature story in USA today, the WSJ and the FAZ, working paper)

Selected Working Papers

Fee-only Advice, with S. Meyer and A. Hackethal (DGF 2015, AEA 2016, FIRS 2016, CEPR Network Event on Household Finance 2016). (email me for draft)

Recent Experiences and Risk Taking: Trading Responses to Changes in the Local Environment, with C. Laudenbach and J. Pirschel (RBFC Amsterdam 2016, SGF 2017).

Robo-advisers and investor behavior (2017), with A. Previtero, S. Scheurle, and A. Hackethal (email me for draft)