Showing 1 - 10 of 163
In Bayesian environments with private information, as described by the types of Harsanyi, how can types of agents be …
Persistent link: https://www.econbiz.de/10010282899
We conduct a randomized field experiment to study the effects of two financial education interventions offered to small-scale retailers in Uganda. The treatments contrast "active learning" with "traditional lecturing" within standardized lesson-plans. We find that active learning has a positive...
Persistent link: https://www.econbiz.de/10011985275
This questionnaire survey of fund managers in the United States, Germany and Switzerlanddocuments a distinctly positive influence of bonus payments on investment behavior on bothsides of the Atlantic. Higher bonus payments are significantly related to higher working effortbut not to risk taking....
Persistent link: https://www.econbiz.de/10005867397
spreads are inversely related to a trade’s likely information content. Second,the paper suggests three potential sources for … the pattern of customer spreads, two of which rely onthe information structure of the market.[...] …
Persistent link: https://www.econbiz.de/10005867482
evaluations of payment sequences. Inspired by the evidence on systematic biases inthe retrospective evaluation of affective …
Persistent link: https://www.econbiz.de/10005844864
This paper presents the econometric approach to causal modeling. It is motivated by policy problems. New causal parameters are defined and identified to address specific policy problems...
Persistent link: https://www.econbiz.de/10005860258
In this paper we investigate two stages in the process that leads to participation in ALMP programs. We use unique administrative data from the Austrian unemployment registers which allow us to distinguish between caseworker assignment and actual program enrollment. Although 25% of newly...
Persistent link: https://www.econbiz.de/10005860387
examine the effect of imperfect information on contributions levels. To assess prior risk attitudes, individual valuations of … several risky prospects are elicited via a second-price auction. We find that limited information about the productivity of … the public good lowers significantly initial contributions in comparison to a setting with perfect information, whereas …
Persistent link: https://www.econbiz.de/10005866650
This paper investigates factors influencing individual portfolio allocations withparticular focus on the role of illusion of control. By forming their portfolio of tworisky lotteries and one risk-less alternative, subjects are requested to reach a targetinvestment profit, whereby equal...
Persistent link: https://www.econbiz.de/10005866777
continuous double auction, indicate that objectivelyirrelevant information influences trading behavior. Moreover, positively and … negativelyframed information leads to a particular trading pattern, but leaves tradingprices and trading volume unaffected. In addition …
Persistent link: https://www.econbiz.de/10005866816