Showing 1 - 10 of 1,879
This paper develops a theory in which heterogeneity in political preferences produces a partisan disagreement about … objective facts. A political decision involving both idiosyncratic preferences and scientific knowledge is considered. Voters … voters' intrinsic preferences or because of rigidities in the political process. The theory predicts that providing mixed …
Persistent link: https://www.econbiz.de/10011899691
There are many important decision problems where learning through experimentation is costly or impossible. In these … degree of bias due to selection neglect increases when other decision makers become more informed, or become more rational …
Persistent link: https://www.econbiz.de/10011982107
(motivated procrastination) turns out to be robust to accounting for decision-makers' time preferences and emotional responses …, and looms largest for decision makers who tend to not acquire information that may include negative news. …
Persistent link: https://www.econbiz.de/10014487122
Persistent link: https://www.econbiz.de/10013364388
This paper presents a novel approach to analyze human decision-making that involves comparing the behavior of …
Persistent link: https://www.econbiz.de/10012499843
their social contacts. I develop a model of how those judgments form based on a theory of symbolic values. The model depicts …
Persistent link: https://www.econbiz.de/10003962828
We study the role of bargaining power and outside options for the pricing of over-the-counter interbank loans using a bilateral Nash bargaining model and test the model predictions with detailed transaction-level data from the euro-area interbank market. We find that lender banks with greater...
Persistent link: https://www.econbiz.de/10011740274
In this paper we set up a New-Keynesian model with a heterogenous banking sector to analyze liquidity problems on the interbank market. The presence of an interbank market is essential to consider a situation where an increased liquidity supply by the central bank is only partially passed on to...
Persistent link: https://www.econbiz.de/10010192797
Occasionally binding constraints (OBCs) like the zero lower bound (ZLB) can lead to multiple equilibria, and so to belief-driven recessions. To aid in finding policies that avoid this, we derive existence and uniqueness conditions for otherwise linear models with OBCs. Our main result gives...
Persistent link: https://www.econbiz.de/10013164715
This paper provides evidence of deliberate private-information disclosure within banks’ international business networks. Using supervisory trade-level data, we show that banks with closer ties to a target advisor in a takeover buy more stocks of the target firm prior to the deal announcement,...
Persistent link: https://www.econbiz.de/10013336388