Similar Search Results

Kuntz, Laura-Chloé - 2020

The beta dispersion, which is the spread of betas on a stock market, can be interpreted as a measure of market vulnerability. This study examines the economic idea of the beta dispersion and its application as a market return predictor. Based on the empirical beta dispersion observed in the US...

Persistent link: https://www.econbiz.de/10012264452

Non-additivity of subjective expectations over different time intervals

Haan, Peter; Sun, Chen; Sunde, Uwe; Weizsäcker, Georg - 2022

We examine the additivity of stock-market expectations over different time intervals. When asked about a ten … expectations over two shorter time intervals that cover the same ten years. Such sub-additivity is irrational in that it cannot … stem from aggregating short-term expectations. Model estimates show that the pattern is consistent with a time perception …

Persistent link: https://www.econbiz.de/10014088354

Maturity shortening and market failure

Thierfelder, Felix - 2012

Motivated by the financial crisis of 2007-2009 several papers have provided explanations for why liquidity may dry up during market stress. This paper also looks at this issue but focuses on the question as to why the liquidity crunch was not uniform across maturities. As funding pressures were...

Persistent link: https://www.econbiz.de/10009509089

Learning through period and physical time

Backhaus, Teresa; Huck, Steffen; Leutgeb, Johannes Josef; … - 2022

periods of varying length that full accounts of subjects' learning requires the consideration of, both, 'period time' and … 'physical time.' …

Persistent link: https://www.econbiz.de/10013326949

Non-additivity of subjective expectations over different time intervals

Haan, Peter; Sun, Chen; Sunde, Uwe; Weizsäcker, Georg - 2022

Persistent link: https://www.econbiz.de/10014458819

Speed, quality, and the optimal timing of complex decisions : field evidence

Strittmatter, Anthony; Sunde, Uwe; Zēgners, Dainis - 2022

This paper presents an empirical investigation of the relation between decision speed and decision quality for a real-world setting of cognitively-demanding decisions in which the timing of decisions is endogenous: professional chess. Move-by-move data provide exceptionally detailed and precise...

Persistent link: https://www.econbiz.de/10013191595