Similar Search Results

Private versus Public Feedback - The Incentive Effects of Symbolic Awards

Gerhards, Leonie; Siemer, Neele - School of Economics and Management, University of Aarhus - 2014

We experimentally compare the incentive effects of rewarding individuals for outstanding performance publicly versus privately. We implement two real-effort tasks, which differ in how prestigious subjects perceive working on them. In both tasks private and public feedback similarly enhances...

Persistent link: https://www.econbiz.de/10010851114

Pride and Patronage - The effect of identity on pay-what-you-want prices at a charitable bookstore

Gravert, Christina - School of Economics and Management, University of Aarhus - 2014

I conduct a field experiment at a charitable bookstore to provide evidence for the role of identity under "pay-what-you-want pricing". When subtly reminded of their participation in the store's membership program members paid significantly more per book then without a reminder, while this nudge...

Persistent link: https://www.econbiz.de/10010851153

Now or never! The effect of deadlines on charitable giving: Evidence from a natural field experiment

Damgaard, Mette Trier; Gravert, Christina - School of Economics and Management, University of Aarhus - 2014

This study designs two field experiments to estimate the effect of binding deadlines and reminders on charitable giving. We sent out 62,000 e-mails and text messages to prior donors of a large Danish charity while varying the length of the deadline and whether they received a reminder. We find...

Persistent link: https://www.econbiz.de/10010851162

Field Experiments in Economics: Comment on an article by Levitt and List

Ziliak, Stephen T. - School of Economics and Management, University of Aarhus - 2011

In an article titled "Field Experiments in Economics: The Past, the Present, and the Future," Levitt and List (2009) make three important claims about the history, philosophy, and future of field experiments in economics. They claim that field experiments in economics began in the 1920s and...

Persistent link: https://www.econbiz.de/10009150018

Do More Economists Hold Stocks?

Christiansen, Charlotte; Joensen, Juanna Shröter; … - School of Economics and Management, University of Aarhus - 2005

A unique data set enables us to test the hypothesis that more economists than otherwise identical investors hold stocks due to informational advantages. We confirm that economists have a significantly higher probability of participating in the stock market than investors with any other...

Persistent link: https://www.econbiz.de/10010851160

Macro-Finance Determinants of the Long-Run Stock-Bond Correlation: The DCC-MIDAS Specification

Asgharian, Hossein; Christiansen, Charlotte; Hou, Ai Jun - School of Economics and Management, University of Aarhus - 2014

We investigate the long-run stock-bond correlation using a novel model that combines the dynamic conditional correlation model with the mixed-data sampling approach. The long-run correlation is affected by both macro-finance variables (historical and forecasts) and the lagged realized...

Persistent link: https://www.econbiz.de/10010851206

Quantiles of the Realized Stock-Bond Correlation and Links to the Macroeconomy

Aslanidis, Nektarios; Christiansen, Charlotte - School of Economics and Management, University of Aarhus - 2012

This paper adopts quantile regressions to scrutinize the realized stock-bond correlation based upon high frequency returns. The paper provides in-sample and out-of-sample analysis and considers a large number of macro-?nance predictors well-know from the return predictability literature. Strong...

Persistent link: https://www.econbiz.de/10010851209

Information and Heterogeneous Beliefs: Cost of Capital, Trading Volume, and Investor Welfare

Christensen, Peter O.; Qin, Zhenjiang - School of Economics and Management, University of Aarhus - 2012

?certainty equivalents and, thus, a higher equilibrium interest rate, whereas the ex ante risk premium on the risky asset is unaffected by …

Persistent link: https://www.econbiz.de/10010851221

Risk-Return Trade-Off for European Stock Markets

Aslanidis, Nektarios; Christiansen, Charlotte; Savva, … - School of Economics and Management, University of Aarhus - 2013

This paper adopts dynamic factor models with macro-fi?nance predictors to revisit the intertemporal risk … conditional moments of returns considering the role of higher-order moments as additional measures of risk. The preferred … returns and conditional volatility. A Markov switching model describes the risk-return trade-off well. A number of variables …

Persistent link: https://www.econbiz.de/10010851247

Heterogeneous Beliefs, Public Information, and Option Markets

Qin, Zhenjiang - School of Economics and Management, University of Aarhus - 2012

equilibrium interest rate. The public signal precision affects ex ante equilibrium risk premium only via its relationship with …

Persistent link: https://www.econbiz.de/10010851283