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We conducted an experiment with 182 inmates from a maximum security prison to analyze the impact of criminal identity …. This effect is specific to individuals who have a criminal identity, because an additional placebo experiment shows that …
Persistent link: https://www.econbiz.de/10011277310
A key ingredient of many popular asset pricing models is that investors exhibit countercyclical risk aversion, which helps explain major economic puzzles such as the strong and systematic variation in risk premiums over time and the high volatility of asset prices. There is, however,...
Persistent link: https://www.econbiz.de/10011240398