Plausibly Exogenous [1632] - Investment Bias (07/22/2024)

LHS Variable
Investment biases

RHS Variable
Financial advisors

Source of Exogenous Variation
In 2018, a large brokerage firm changed the information displayed on its internal platform so that financial advisors could no longer observe which of their clients’ holdings were in paper gain or loss.

- Andries, Bonelli, and Sraer (2024), “Financial Advisors and Investors' Bias”