
doi: 10.2139/ssrn.2214307
What impact does a finance education have on the behaviors of individuals? Experiments of an investment game are conducted. In it, a wealth-creating investment decision is made. The recipient selects how much to return. This experiment is used to assess the willingness to make trusting and trustworthy decisions. The econometric method employed allows for a disentangling of the selection effects from learning. We show that finance students are not born, but rather made – those who choose to study finance behave similarly, but the effect of the education is to promote pro-social, trusting, and reciprocating behaviors that generate wealth.
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