Matthias Pelster What Impact Do Exogenous Stimuli Have on Financial Decision Making?
Matthias Pelster is Professor of Finance at Paderborn University. He has previously held research positions at New York University, Leuphana University of Lüneburg and TU Dortmund. His research focuses on behavioral finance, risk management, and corporate finance.
Area of Research
Behavioral Finance, Risk Management, Corporate Finance
since 2020
Professor for Finance
University of Paderborn (Universität Paderborn)
2019-2020
Visiting Research Professor
Stern School of Business, New York University
2017-2020
Assistant Professor
University of Paderborn (Universität Paderborn)
2014-2017
Assistant Professor
Leuphana University, Lüneburg
Institute of Finance and Accounting
2013-2014
Post-doctoral Researcher
Center for Research on Education and School Development (IFS)
Chair of Finance
2009-2013
Research and Teaching Fellow
Center for Research on Education and School Development (IFS)
Chair of Finance
2019
Habilitation
University of Paderborn (Universität Paderborn)
Field of Expertise: Business Administration
2009-2013
Ph.D. in Finance
Center for Research on Education and School Development (IFS)
Chair for Finance, summa cum laude
2003-2009
Diploma in Mathematics and Business Administration
Center for Research on Education and School Development (IFS)
- Journal of Banking & Finance
- Journal of Risk and Insurance
- Journal of Empirical Finance
- Journal of Economic Behavior & Organization
- Journal of Behavioral and Experimental Finance
- German Finance Association
- European Finance Association
- American Finance Association
- Financial Management Association
Prizes
- Best Paper Award, European Academy of Management Annual Conference (2019)
- Dean’s Young Scholar Research Award, Faculty of Business Administration and Economics, Paderborn University (2019)
- Academy of Science and Art NRW, Shortlisted for the “Junge Kolleg” (2018)
- Heinz Sauermann Advancement Award for Experimental Economic Research (2018)
Fellowships
- Berkley Fellowship: St. John’s School of Risk Management, The Peter J. Tobin College of Business, St. John’s University (2017)
- Project: “Managerial personality traits and selective hedging”, The Frankfurt Institute for Risk Management and Regulation (FIRM), (2020)
- DFG: Project “Social interactions and (financial) decision-making” (2020)
- Project: “Attention triggers and retail investor trading”, Fritz Thyssen Stiftung (2019)
- Project: “Social Trading and the Wisdom of the Crowd”, Fritz Thyssen Stiftung (2016 - 2017)
External stimuli are increasingly prevalent in the digital age, competing for our attention, urging us to action. In this video, MATTHIAS PELSTER explores the extent to which attention triggers (like push notifications) increase risk taking in financial markets. Focusing on customers of a large broker, Arnold, Pelster & Subrahmanyam are able to use a difference-in-differences approach to compare the behaviors of those who receive such push notifications and those who do not. The work shows that attention triggers induce investors to take greater risks. This effect is more evident for particular demographics. Future research should analyze the effects of attention triggers on other investment dimensions like portfolio composition.
LT Video Publication DOI: https://doi.org/10.21036/LTPUB10954
Attention Triggers and Investors’ Risk-Taking
- Marc Arnold, Matthias Pelster and Marti G. Subrahmanyam
- Journal of Financial Economics
- Published in 2021
