Arjona Building

AbstractThis study examined how message framing and information source impact risky investment decision making across two experimental studies with undergraduates as participants. A novel risk measurement known as the Risk Index Factor was developed in order to assess risk levels in participants investment portfolios. Participants allocated fake money into their portfolios based on message condition and information source. Results showed that across both studies, the investment source of financial influencers produced the riskiest portfolios. Additionally, in Study 2, gain framed messages consistently generated higher portfolio risk scores. Lastly, financial well-being was found to moderate the relationship between FOMO condition and portfolio risk scores. These findings challenge FOMO's impact on risk, display message framing's influence, and highlights impacts of different information sources. Implications for Prospect Theory and financial literacy are discussed."  Use the following link to join the Webex meeting: https://uconn-cmr.webex.com/meet/ndc11002 (https://nam10.safelinks.protection.outlook.com/?url=https%3A%2F%2Fuconn-cmr.webex.com%2Fmeet%2Fndc11002&data=05%7C02%7Cmichael.melnik%40uconn.edu%7Cebe937318832476f7c4e08dd79141c6c%7C17f1a87e2a254eaab9df9d439034b080%7C0%7C0%7C638799849460293585%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=CQxojVI6w1eziU0vWVf5H4Y0fcb5XzngsAZY43ODFHI%3D&reserved=0) or arrive in ARJ 225 at 1pm on April 29th.