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Brunnermeier, Markus K.; Parker, Jonathan A. - London School of Economics (LSE) - 2002

heterogeneous, leading to gambling. Second, in a consumption-saving problem with stochastic income, agents are both overconfident …

Persistent link: https://www.econbiz.de/10010746723

How to gamble against all odds

Peretz, Ron; Bavly, Gilad - London School of Economics (LSE) - 2014

A decision maker observes the evolving state of the world while constantly trying to predict the next state given the history of past states. The ability to benefit from such predictions depends not only on the ability to recognize patters in history, but also on the range of actions available...

Persistent link: https://www.econbiz.de/10011126199

Long term implications of the ICT revolution: applying the lessons of growth theory and growth accounting

Oulton, Nicholas - London School of Economics (LSE) - 2010

United States or Sweden. Nevertheless the contribution to the long run growth of labour productivity stemming from even the …

Persistent link: https://www.econbiz.de/10010884516

A British industrial success: productivity in the Lancashire and New England cotton spinning industries a century ago

Leunig, Tim - London School of Economics (LSE) - 2003

This paper uses new product-specific, micro-level US data to show that New England had lower levels of productivity in …-abundant country – has higher labour productivity contradicts the Rothbarth-Habakkuk model. We suggest Britain’s industrial success …

Persistent link: https://www.econbiz.de/10010884525