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We propose a taxonomy of cybercrime on the Ethereum blockchain and examine how cybercrime impacts victims' risk … increase their long-term total risk-taking and earn lower risk-adjusted returns in the post-cybercrime period. Victims' long … correlates with victims' withdrawal from altcoins after cybercrime. At the same time, the reduction in risk-adjusted returns …
Persistent link: https://www.econbiz.de/10014323138
Algorithm-based decision support systems play an increasingly important role in decisions involving exploration tasks … rather than exploitation, and model the participants' decision-making processes using a learning model comparable to the …
Persistent link: https://www.econbiz.de/10013482224
We develop a novel firm-level measure of cybersecurity risk using textual analysis of cybersecurity-risk disclosures in corporate filings. The measure successfully identifies firms extensively discussing cybersecurity risk in their 10-K, displays intuitive relations with quantitative measures of...
Persistent link: https://www.econbiz.de/10012387622
This paper uses a Markov-switching non-linear specification to analyse the effects of cyber attacks on returns in the case of four cryptocurrencies (Bitcoin, Ethernam, Litecoin and Stellar) over the period 8/8/2015 - 28/2/2019. The analysis considers both cyber attacks in general and those...
Persistent link: https://www.econbiz.de/10012026468
developing countries. More specifically, it investigates the effects of four different types of cyber-attacks (cyber-crime, cyber …
Persistent link: https://www.econbiz.de/10012171767
This paper examines mean and volatility spillovers between three major cryptocurrencies (Bitcoin, Litecoin and Ethereum) and the role played by cyber attacks. Specifically, trivariate GARCH-BEKK models are estimated which include suitably defined dummies corresponding to different types, targets...
Persistent link: https://www.econbiz.de/10012219891
The blockchain is a technology that goes beyond timestamping, bitcoin and secure financial transactions. The development of an ecosystem around smart connected objects will probably not happen without the blockchain (in one form or another). The blockchain opens the door to the liquification of...
Persistent link: https://www.econbiz.de/10011794645
We empirically assess whether hindsight bias has consequences on how citizens evaluate their political actors. Using an incentivized elicitation technique, we demonstrate that people systematically misremember their past policy preferences regarding how to best fight the Covid-19 pandemic. At...
Persistent link: https://www.econbiz.de/10013205089
when a decision is complex, they implicitly treat different time delays to some degree alike. By experimentally measuring … when the decision environment is more complex. Third, cognitive uncertainty matters for choice architecture: people who are …
Persistent link: https://www.econbiz.de/10012697938
dimension for dishonest decision-making and for the cognition process of the chance to deceive. We conduct a laboratory … intuitive decision while others allow for extensive reflection time. To be able to pursue a deceptive strategy, however, a … experiment of self-serving deceptive behavior which combines two exogenously varied levels of reflection time with a cognition …
Persistent link: https://www.econbiz.de/10011723505