Showing 1 - 10 of 12
We experimentally test overconfidence in investment decisions by offering participants the possibility to substitute their own for alternative investment choices. Overall, 149 subjects participated in two experiments, one with just one risky asset, the other with two risky assets. Overconfidence...
Persistent link: https://www.econbiz.de/10011408444
establishment-level data on injuries, we find that a one standard deviation increase in our commuting zone-level measure of robot … to robot penetration experience a significant increase in drug- or alcohol-related deaths and mental health problems …. Employing longitudinal data from Germany, we exploit within-individual changes in robot exposure and document that a one …
Persistent link: https://www.econbiz.de/10013262797
financial markets. Two different methods are used: (i) a trading robot approach to examine whether or not there is such an …
Persistent link: https://www.econbiz.de/10010367366
.e. empirical evidence of abnormal behaviour of asset prices which is inconsistent with market efficiency. However, most studies do … profit opportunities by replicating the actions of traders. Specifically, the analysis is based on a trading robot which … simulates their behaviour, and incorporates variable transaction costs (spreads). The results suggest that trading strategies …
Persistent link: https://www.econbiz.de/10010344868
This paper investigates whether risk aversion and impatience are correlated with cognitive ability. We conduct incentive compatible choice experiments measuring risk aversion, and impatience over an annual time horizon, for a representative sample of roughly 1,000 German adults. A measure of...
Persistent link: https://www.econbiz.de/10003833308
We examine whether parties punish politicians who vote against the party line in roll-call votes. Using data of German members of parliament over the legislative period 2009-2013, we take into account that the effect of punishment differs along the list of candidates because a candidate is...
Persistent link: https://www.econbiz.de/10011659465
Workers wrongly anchor their beliefs about outside options on their current wage. In particular, low-paid workers underestimate wages elsewhere. We document this anchoring bias by eliciting workers’ beliefs in a representative survey in Germany and comparing them to measures of actual outside...
Persistent link: https://www.econbiz.de/10012798121
This paper investigates the effects of technological and organizational change (T&O) on jobs and workers. We show that although T&O reduces firm demand for routine relative to abstract task-based jobs, affected workers do not face higher probability of non-employment or lower earnings growth...
Persistent link: https://www.econbiz.de/10013463645
This paper explores an equilibrium model for industry entry dynamics and technological change. We focus on the share valuation of firms in the transition as technology changes, and whether or not share prices are always increasing when technology improves. We find that there can be a U-shaped...
Persistent link: https://www.econbiz.de/10011408812
Despite massive digitization efforts, the German economy has experienced a marked slowdown in its productivity growth. This paper analyzes the reasons behind this disconcerting development. A major factor is the turnaround of the labor market that commenced around 2005. The successful...
Persistent link: https://www.econbiz.de/10011900858