Household expectations and attitudes towards sustainable financial assets

Last registered on September 13, 2024
View Trial History

Pre-Trial

Trial Information

General Information

Title
Household expectations and attitudes towards sustainable financial assets
RCT ID
AEARCTR-0014276
Initial registration date
August 29, 2024

Initial registration date is when the trial was registered.

It corresponds to when the registration was submitted to the Registry to be reviewed for publication.

First published
September 12, 2024, 5:05 PM EDT

First published corresponds to when the trial was first made public on the Registry after being reviewed.

Last updated
September 13, 2024, 12:54 PM EDT

Last updated is the most recent time when changes to the trial's registration were published.

Locations

Country
Germany
Region

Primary Investigator

Name
Monika Piazzesi
Affiliation
Stanford University
Contact Primary Investigator

Other Primary Investigator(s)

Additional Trial Information

Status
Completed
Start date
2021-11-01
End date
2021-11-30
Keywords
Finance & Microfinance
Additional Keywords
Climate Finance
JEL code(s)
Secondary IDs
Prior work
This trial does not extend or rely on any prior RCTs.
Abstract
We fielded an RCT as part of the Deutsche Bundesbank Household Survey on Consumer Expectations, a large representative survey of German households. In the November 2021 wave of the survey, we provide information treatments to random subgroups of the survey. We split the sample randomly into a control group with approximately 2,000 (untreated) respondents and multiple treatment groups with approximately 1,000 respondents each. Respondents in each treatment group were shown a brief information statement before answering our questions. The treatments provided information on risk-return trade-offs in risky investments, and the potential for green investment funds to contribute to climate change mitigation.
External Link(s)

Registration Citation

Citation
Piazzesi, Monika. 2024. "Household expectations and attitudes towards sustainable financial assets." AEA RCT Registry. September 13. https://doi.org/10.1257/rct.14276-1.1
Sponsors & Partners
Experimental Details

Interventions

Intervention(s)
We fielded an RCT as part of the Deutsche Bundesbank Household Survey on Consumer Expectations, a large representative survey of German households. In the November 2021 wave of the survey, we provide information treatments to random subgroups of the survey. We split the sample randomly into a control group with approximately 2,000 (untreated) respondents and multiple treatment groups with approximately 1,000 respondents each. Respondents in each treatment group were shown a brief information statement before answering our questions. The treatments provided information on risk-return trade-offs in risky investments, and the potential for green investment funds to contribute to climate change mitigation.
Intervention Start Date
2021-11-01
Intervention End Date
2021-11-30

Primary Outcomes

Primary Outcomes (end points)
Our key outcome variables are return expectations for sustainable and traditional financial assets.
Primary Outcomes (explanation)

Secondary Outcomes

Secondary Outcomes (end points)
Secondary Outcomes (explanation)

Experimental Design

Experimental Design
We showed information about risk-return trade-offs in risky investments, and the potential for green investment funds to contribute to climate change mitigation, to random treatment groups.
Experimental Design Details
Randomization Method
Randomization done in office by a computer
Randomization Unit
Individuals
Was the treatment clustered?
No

Experiment Characteristics

Sample size: planned number of clusters
0
Sample size: planned number of observations
6000 individual respondents
Sample size (or number of clusters) by treatment arms
1000 individual respondents
Minimum detectable effect size for main outcomes (accounting for sample design and clustering)
Any difference in expected return
Supporting Documents and Materials
IRB

Institutional Review Boards (IRBs)

IRB Name
IRB Approval Date
IRB Approval Number
Analysis Plan

Post-Trial

Post Trial Information

Study Withdrawal

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Intervention

Is the intervention completed?
Yes
Intervention Completion Date
November 01, 2021, 12:00 +00:00
Data Collection Complete
No
Data Publication

Data Publication

Is public data available?
No

Program Files

Program Files
Reports, Papers & Other Materials

Relevant Paper(s)

Reports & Other Materials