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Single-Author Paper: Information and Choice Architecture in FinTech…
Single-Author Paper: Information and Choice Architecture in FinTech (Robinhood)
Design
Nudging
Netflix-style recommendations for stocks to buy
Buttons tapped to buy a stock are bigger and brighter than those for canceling a trade
A ticker for bitcoin is prominent
Quotes for stocks with big daily swings in price, while exchange-traded funds are difficult to find
A list of popular stocks to trade (both gainers and losers)
Social trading components
Gamification
Confetti when buying stock
Free Stock Lottery
Limited attention span
Research & Learning
Dimensions
Gamification features
Unlocking features?
Badges?
Free Stock Lottery
Nudging
Fractional Trading (FOMO)
Free Stock Lottery
Participation in IPO
Zero-fee trading
No research, little information and asset data
Few types of securities for trading
Psychographics
Financial Literacy
Investment Experience
Social Media Activity
Ignorance (Financial Homo Ignorans Scale)
S&T scale
Experiment design
Include infographics and visuals?
Copy Trading paper: Investment games
Attention Hypothesis (s. Does It Pay to Pay Attention? Paper)
Behavioral Inattention? Attention Discrimination? (
See hypothesis and literature in "Information overload in the information age"
)
Mouselab Experiment to control for (in)attention
(
Information Overload Effects in Sequential Information Acquisition for Investment Decision-Making
)
Distracted Frame of Mind
(see the measures in
The effect of mobile device use and headline focus on investorjudgments
)
Adopt design from "Information overload in the information age" paper?
Complexity vs. Simplicity in financial environment
2 separate experiments: PC and smartphone OR 3 separate conditions: PC normal, PC Mouselab and Smartphone
See Interface RFS Paper for a setup
:
Mobile group
subjects were shown the information content of the mobile app on their mobile phones.
MobileOnPC
group subjects were also shown the same information content as on the mobile app, but they viewed on their PCs. Finally,
PC Group
subjects were shown the PC interface on their laptops