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When the Market Drives you Crazy : Stock Market Returns and Fatal Car Accidents
Giulietti, Corrado - 2018
falsification tests support a causal interpretation of this finding. Our results are consistent with immediate emotions stirred by a …
Persistent link: https://www.econbiz.de/10012910618
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The Behavioral Impact of Emotions in a Power-to-Take Game: An Experimental Study
Bosman, Ronald; Winden, Frans van - CESifo - 2000
. In this experimental study, we are primarily interested in how emotions influence responder behavior. Our findings are … significantly decreases the intensity of joy and happiness. Since negative emotions are experienced as painful, there is direct … result is explained in terms of norm-related regulation of emotions. …
Persistent link: https://www.econbiz.de/10005181557
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No-Trade in the Laboratory
Angrisani, Marco - 2013
We test the no-trade theorem in a laboratory financial market where subjects can trade an asset whose value is unknown. Subjects receive clues on the asset value and then set a bid and an ask at which they are willing to buy or to sell from the other participants. In treatments with no gains...
Persistent link: https://www.econbiz.de/10012753387
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No-Trade in the Laboratory
Angrisani, Marco; Guarino, Antonio; Huck, Steffen; … - CESifo - 2008
We test the no-trade theorem in a laboratory financial market where subjects can trade an asset whose value is unknown. Subjects receive clues on the asset value and then set a bid and an ask at which they are willing to buy or to sell from the other participants. In treatments with no gains...
Persistent link: https://www.econbiz.de/10005406359
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Applicaton of Stochastic Optimal Control to Financial Market Debt Crises
Stein, Jerome L. - 2013
This interdisciplinary paper explains how mathematical techniques of stochastic optimal control can be applied to the recent subprime mortgage crisis. Why did the financial markets fail to anticipate the recent debt crisis, despite the large literature in mathematical finance concerning optimal...
Persistent link: https://www.econbiz.de/10012753227
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A Critique of the Literature on the US Financial Debt Crisis
Stein, Jerome L. - 2021
A healthy financial system encourages the efficient allocation of capital and risk. The collapse of the house price bubble led to the financial crisis that started in 2007. There is a large empirical literature concerning the relation between asset price bubbles and financial crises. I evaluate...
Persistent link: https://www.econbiz.de/10013316266
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A Critique of the Literature on the US Financial Debt Crisis
Stein, Jerome L. - CESifo - 2010
A healthy financial system encourages the efficient allocation of capital and risk. The collapse of the house price bubble led to the financial crisis that started in 2007. There is a large empirical literature concerning the relation between asset price bubbles and financial crises. I evaluate...
Persistent link: https://www.econbiz.de/10008534053
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Application of Stochastic Optimal Control to Financial Market Debt Crises
Stein, Jerome L. - CESifo - 2009
This interdisciplinary paper explains how mathematical techniques of stochastic optimal control can be applied to the recent subprime mortgage crisis. Why did the financial markets fail to anticipate the recent debt crisis, despite the large literature in mathematical finance concerning optimal...
Persistent link: https://www.econbiz.de/10005094473
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Reciprocity and Emotions: Arousal, Self-Reports, and Expectations
Ben-Shakhar, Gershon; Bornstein, Gary; Hopfensitz, Astrid; … - CESifo - 2004
reciprocation. In this study, physiological and self-report measures were employed to investigate the role of emotions, using the …
Persistent link: https://www.econbiz.de/10005766252
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Dynamic Choice, Independence and Emotions
Hopfensitz, Astrid; Winden, Frans van - CESifo - 2007
anticipated and experienced emotions in the choice problem. Main findings are a violation of the isolation effect, and support for … earlier experiments. Dependent on the timing of the global risk different combinations of anticipated and experienced emotions …
Persistent link: https://www.econbiz.de/10005094273