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The Role of Endogenous Uncertainty in the Forward Discount Bias
Black, Stanley Wilkes - In: Rivista Internazionale di Scienze Sociali 115 (2007) 3, pp. 327-364
This study examines what role the concept of endogenous uncertainty can have in explaining a phenomenon of international financial markets, the forward discount bias. The forward discount bias puzzle is unexplained by models assuming economic agents have full knowledge of the structure of the...
Persistent link: https://www.econbiz.de/10010878167
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The structure of optimism: “Controllability affects the extent to which efficacy beliefs shape outcome expectancies”
Urbig, Diemo; Monsen, Erik - In: Journal of Economic Psychology 33 (2012) 4, pp. 854-867
In this article we theoretically develop and empirically test an integrative conceptual framework linking dispositional optimism as general outcome expectancy to general efficacy beliefs about internal (self) and external (instrumental social support and chance) factors as well as to general...
Persistent link: https://www.econbiz.de/10011051386
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Macroeconomic Derivatives: An Initial Analysis of Market-Based Macro Forecasts, Uncertainty and Risk
Gürkaynak, Refet S.; Wolfers, Justin - C.E.P.R. Discussion Papers - 2006
market-based measures of expectations are similar to survey-based forecasts although the market-based measures somewhat more …
Persistent link: https://www.econbiz.de/10005656457
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A Gift-Exchange With Probabilistic Payoffs
Luzuriaga, Miguel; Kunze, Oliver - In: International Journal of Applied Behavioral Economics … 6 (2017) 4, pp. 1-18
This article describes how there exists ample experimental evidence demonstrating a positive wage-effort relationship in which the results from the employee's effort lead to deterministic firm payoffs. The authors thus investigate a reframed version of the gift-exchange game in which the firms'...
Persistent link: https://www.econbiz.de/10012042552
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Information Technology Governance Adoption: Understanding its Expectations Through the Lens of Organizational Citizenship
Macadar, Marie Anne; Luciano, Edimara Mezzomo; … - In: International Journal of IT/Business Alignment and … 7 (2016) 2, pp. 22-32
discussed in order to understand the behavioral changes expectations along the ITG mechanisms adoption. The preliminary results …
Persistent link: https://www.econbiz.de/10012045905
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Erwartungen an Interessenvertretungen aus der Perspektive von abhängig Beschäftigten / Expectations towards works councils from the employees` point of view
Wilkesmann, Maximiliane; Wilkesmann, Uwe; Virgillito, … - In: Arbeit 20 (2011) 1, pp. 5-17
’ expectations towards works councils turn out to be a blind spot of industrial relations research. In order to fill this gap we … conducted a qualitative exploratory study. Our results show that four types of expectations can be differentiated: (1 … issues. Moreover, the interviewees remarked some expectations with regard to personal characteristics of works councils. A …
Persistent link: https://www.econbiz.de/10014586335
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Constraints in the Demand for Education: What Can we Learn from Subjective Assessments?
Sorokina, Olga V. - In: The B.E. Journal of Economic Analysis & Policy 12 (2012) 1
Abstract While the large disparities in educational attainment by socioeconomic status in the United States point towards the importance of credit constraints, there is no consensus in the economic literature regarding their pervasiveness. To evaluate how subjective information can enhance our...
Persistent link: https://www.econbiz.de/10014586856
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Indeterminacy and the Stability Puzzle in Non-Convex Economies
Evans, George W; McGough, Bruce - In: Topics in Macroeconomics 5 (2005) 1
Abstract We examine stability under learning of sunspot equilibria in Real Business Cycle type models with indeterminacies. Our analysis emphasizes the importance of examining alternative representations of sunspot solutions. A general bivariate reduced form contains parameter regions in which...
Persistent link: https://www.econbiz.de/10014588457
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The Real Lesson of Enron's Implosion: Market Makers Are In the Trust Business
McAfee, R. Preston - In: The Economists' Voice 1 (2004) 2
How did Enron, a firm worth $60 billion, collapse over the discovery of a billion or so in hidden debt and fraudulent accounting? It didn't. Or, at least, not directly. Market makers like Enron and Ebay are in the "trust" business, just as banks and insurance companies are. Once trust was lost,...
Persistent link: https://www.econbiz.de/10014591472
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Output Gap Uncertainty and the Optimal Fiscal Policy in the EU
Kuusi, Tero - In: Review of Economics 69 (2018) 2, pp. 111-146
Abstract Using a novel dataset, I quantify the magnitude of the EU-27 countries’ output gap revisions in 2002–2014, and study the implications of this uncertainty for the optimal fiscal policy with a DSGE model. I find that taking into account the output gap uncertainty (i.e. the difficulty...
Persistent link: https://www.econbiz.de/10014619367