Similar Search Results

The importance of network recommendations in the director labor market

Fahlenbrach, Rüdiger; Kim, Hyemin; Low, Angie - 2018

Directors are more likely to obtain additional directorships, especially at prestigious firms, if the CEOs of their current boards are well-connected. Recommended directors do not become beholden to the CEO, as CEO compensation is unaffected and an analysis of appointment announcement returns...

Persistent link: https://www.econbiz.de/10011899609

Overconfident bank CEOs : risk amplification amid economic uncertainty

Addo, Kwabena Aboah; Pathan, Shams; Ongena, Steven - 2024 - This draft: April 30,2024

Persistent link: https://www.econbiz.de/10014533702

CEOs showing humanity : human care statements in conference calls and stock market performance during crisis

Howe, Lauren; Giurge, Laura M.; Wagner, Alexander F.; … - 2024

Persistent link: https://www.econbiz.de/10014486926

Managerial extraversion and corporate voluntary disclosure

Eugster, Florian; Kallunki, Jenni; Kallunki, Juha-Pekka; … - 2023

Persistent link: https://www.econbiz.de/10014480318

Reverse engineering financial markets with majority and minority games using genetic algorithms

Wiesinger, Judith; Sornette, Didier; Satinover, Jeffrey - 2010

Using virtual stock markets with artificial interacting software investors, aka agent-based models (ABMs), we present a method to reverse engineer real-world financial time series. We model financial markets as made of a large number of interacting boundedly rational agents. By optimizing the...

Persistent link: https://www.econbiz.de/10003973139

Games and prospects

Rieger, Marc Oliver (contributor) - 2007

We study how the framework of classical game theory changes when the preferences of the players are described by … Prospect Theory instead of Expected Utility Theory. Specifically, we study the influence of framing effect and probability … the validity of Prospect Theory as a descriptive model in human behavior …

Persistent link: https://www.econbiz.de/10003550861

Financing and takeovers

Morellec, Erwan (contributor); Zhdanov, Alexei (contributor) - 2006

This paper analyzes the interaction between financial leverage and takeover activity. We develop a dynamic model of takeovers in which the financing strategies of bidding firms and the timing and terms of takeovers are jointly determined. In the paper, capital structure plays the role of a...

Persistent link: https://www.econbiz.de/10003394282

Persuasion by dimension reduction

Malamud, Semyon; Schrimpf, Andreas - 2021 - This version: October 17, 2021

How should an agent (the sender) observing multi-dimensional data (the state vector) persuade another agent to take the desired action? We show that it is always optimal for the sender to perform a (non-linear) dimension reduction by projecting the state vector onto a lower-dimensional object...

Persistent link: https://www.econbiz.de/10012799529

Optimal transport of information

Malamud, Semyon; Cieślak, Anna; Schrimpf, Andreas - 2021 - This version: March 3, 2021

We study the general problem of Bayesian persuasion (optimal information design) with continuous actions and continuous state space in arbitrary dimensions. First, we show that with a finite signal space, the optimal information design is always given by a partition. Second, we take the limit of...

Persistent link: https://www.econbiz.de/10012487719

The blockchain folk theorem

Biais, Bruno; Bisière, Christophe; Bouvard, Matthieu; … - 2018 - Revised January 2018

Blockchains are distributed ledgers, operated within peer-to-peer networks. If reliable and stable, they could offer a new, cost effective way to record transactions, but are they? We model the proof-of-work blockchain protocol as a stochastic game and analyse the equilibrium strategies of...

Persistent link: https://www.econbiz.de/10011875736