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's attempt to simply create a memorable story. We examine competition among media outlets in the presence of these biases …. Whereas competition can eliminate the effect of ideological bias, it actually exaggerates the incentive to spin stories …
Persistent link: https://www.econbiz.de/10012469412
Using a sample of Harvard undergraduates, we analyze trust and social capital in two experiments. Trusting behavior and … questions about trust predict trustworthiness not trust. Only children are less trustworthy. People behave in a more trustworthy …
Persistent link: https://www.econbiz.de/10012471573
the baseline setting remain intact. Our results shed light on the extensive discussion of confidence management in firms …
Persistent link: https://www.econbiz.de/10012481769
Due to imperfect transparency and costly auditing, trust is an essential component of financial intermediation. In this …
Persistent link: https://www.econbiz.de/10012463120
General Theory. The first is that there may be a continuum of steady state unemployment rates. The second is that beliefs …-fulfilling. The paper reconciles Keynesian economics with general equilibrium theory without invoking the assumption of frictions that …
Persistent link: https://www.econbiz.de/10012463802
growth using the cross-section of signals. The uncertainty (confidence measure) about investor's growth expectations, as in … the data, is time-varying and subject to large moves. The fluctuations in confidence measure affect the distribution of …
Persistent link: https://www.econbiz.de/10012463832
When members of deliberating groups speak with one another, their predeliberation tendencies often become exacerbated as their views become more extreme. The resulting phenomenon -- group polarization -- has been observed in many settings, and it bears on the actions of juries, administrative...
Persistent link: https://www.econbiz.de/10012464959
We study the implications of a particular form of irrationality on the pricing behavior of firms in a monopolistic-competitive market with incomplete information. We assume that firms are overconfident, meaning that they over-estimate their abilities to understand the correct model of the...
Persistent link: https://www.econbiz.de/10012466749
changes in investor trust, the model can account for the sharp decline of finance in the Great Depression, as well as its slow … trust and encouraged growth of financial income …
Persistent link: https://www.econbiz.de/10012459544
confidence shock. Lack-of-confidence shocks play a central role in generating jobless recoveries, for fundamental shocks, such as …
Persistent link: https://www.econbiz.de/10012460116