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Anti-herding and strategic consultation
Levy, Gilat - London School of Economics (LSE) - 2004
decision makers who are motivated by reputation concerns tend to ‘anti-herding’, i.e., they excessively contradict public …
Persistent link: https://www.econbiz.de/10010928812
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Strategic consultation in the presence of career concerns
Levy, Gilat - London School of Economics (LSE) - 2000
find that when agents are concerned about their reputation, consultation results in sub-optimal sharing of information …
Persistent link: https://www.econbiz.de/10010746684
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Do bad risks know it? Experimental evidence on optimism and adverse selection
Coelho, Marta; de Meza, David - London School of Economics (LSE) - 2012
Subjects who overestimate their performance in experimental tasks unrelated to travel are less willing to insure against failing in the task and also less inclined to buy travel insurance. This suggests intrinsic optimism influences insurance demand and diminishes adverse selection
Persistent link: https://www.econbiz.de/10011128051
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Decisions with conflicting and imprecise information
Gajdos, Thibault; Vergnaud, Jean-Christophe - London School of Economics (LSE) - 2009
The most usual procedure when facing decisions in complex settings consists in consulting experts, aggregating the information they provide, and deciding on the basis of this aggregated information. We argue that such a procedure entails a substantial loss, insofar as it precludes the...
Persistent link: https://www.econbiz.de/10010745334
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Are there any Animal Spirits behind the Scenes of the Euro area Sovereign Debt Crisis?
Mamatzakis, Emmanuel - London School of Economics (LSE) - 2013
This paper reveals the underlying market’s preferences over the on going Euro area sovereign debt crisis. It builds on a loss function with reference to the ‘basis’, the difference between the spread over swap and Credit Default Swap (CDS) for sovereign bonds. This loss function is general...
Persistent link: https://www.econbiz.de/10010686658
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Information costs, networks and intermediation in international trade
Petropoulou, Dimitra - London School of Economics (LSE) - 2008
This paper presents a pairwise matching model with two-sided information asymmetry to analyse the impact of information costs on endogenous network building and matching by information intermediaries. The framework innovates by examining the role of information costs on incentives for trade...
Persistent link: https://www.econbiz.de/10010745054
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Competing for contacts: network competition, trade intermediation and fragmented duopoly
Petropoulou, Dimitra - London School of Economics (LSE) - 2008
A two-sided, pair-wise matching model is developed to analyse the strategic interaction between two information intermediaries who compete in commission rates and network size, giving rise to a fragmented duopoly market structure. The model suggests that network competition between information...
Persistent link: https://www.econbiz.de/10010746133
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Peering into the mist: social learning over an opaque observation network
Barrdear, John - London School of Economics (LSE) - 2014
I present a model of social learning over an exogenous, directed network that may be readily nested within broader macroeconomic models with dispersed information and combines the attributes that agents (a) act repeatedly and simultaneously; (b) are Bayes-rational; and (c) have strategic...
Persistent link: https://www.econbiz.de/10011126293
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Imperfect capital markets and persistence of initial wealth inequalities
Piketty, Thomas - London School of Economics (LSE) - 1992
We consider an infinite-horizon inter-generational economy with identical agents differing only in their inherited wealth and with a constant-returns-to-scale technology using capital and labour (called "effort") and displaying a purely idiosyncratic risk. If effort is contractible, full...
Persistent link: https://www.econbiz.de/10010746576
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The broadening spectrum of reputation risk in organizations: banking on risk and trust relationships
Scott, Susan V.; Walsham, Geoff - London School of Economics (LSE) - 2004
Globalizing knowledge economies foster conditions that intensify the role and value of organizational reputation risk …. In a holistic, enterprise focused era reputation is a key strategic construct that can act as a boundary object linking … reputation risk. Having noted the ambivalence that surrounds ‘risk positions’, we present a re-definition of reputation risk that …
Persistent link: https://www.econbiz.de/10010744830