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We study the relationship between overconfidence and the political and financial behavior of a nationally representative sample. To do so, we introduce a new method of eliciting overconfidence that is simple to understand, quick to implement, and captures respondents' excess confidence in their...
Persistent link: https://www.econbiz.de/10012648019
We study the relationship between overconfidence and the political and financial behavior of a nationally representative sample. Consistent with theoretical predictions, our findings indicate that excessive confidence in one's judgment is associated with lower portfolio diversification, greater...
Persistent link: https://www.econbiz.de/10015075012
demography is used to show that an initial bias can "fade-away" in later panel waves, if the transition laws in the observed … sample and the population are identical. Panel attrition is incorporated into the Markovian framework. Extensions to Markov … empirical data from a German Labour Market Panel to demonstrate the extend and speed of the fade-away effect. The implications …
Persistent link: https://www.econbiz.de/10012821615
for respondents and nonrespondents, and attrition in later panel waves must not depend on the state of the individuals …
Persistent link: https://www.econbiz.de/10011714202
We outline a procedure for combining six cross-sections of the German Sample Survey of Income and Expenditure, and discuss potential pitfalls of such a venture. Particularly, we investigate the consequences of a major break in the survey design for inter-temporal comparisons of expenditure...
Persistent link: https://www.econbiz.de/10003952561
No other area of the German economy has developed so emphatically in the past ten years as has that business-related services. Regardless of its growing overall economic importance, official statistics fail to provide economic researchers and economic policy with current data on the...
Persistent link: https://www.econbiz.de/10013428318
online participation is not significantly affected by sector affiliation, affiliation to East or West Germany nor information …
Persistent link: https://www.econbiz.de/10013428432
In questions inserted into the 2008 module of the German-Socio Economic Panel we ask subjects to report their income …
Persistent link: https://www.econbiz.de/10003868522
Nonresponse in surveys may result in a distortion of the distribution of interest. In a panel survey the participation … restates a result for Finland for the ECHP (European Community Household Panel). A second condition concerns the selectivity of … panel attrition after wave one. Here panel attrition must not depend on the income state of the previous panel wave. The …
Persistent link: https://www.econbiz.de/10011312698
German municipalities using a panel on municipalities in the two largest German states from 1999 to 2006. We find significant …
Persistent link: https://www.econbiz.de/10010233999