-scale retailers in Uganda. The treatments contrast "active learning" with "traditional lecturing" within standardized lesson-plans. We … find that active learning has a positive and economically meaningful impact on savings and investment outcomes, in contrast …. Tentative evidence suggests that only active learning stimulates several cognitive and non-cognitive mechanisms; moreover, a …

risk. This paper focuses on the transmission of sovereign risk to insurance companies as some of the largest institutional … investors in the sovereign bond market. We use a firm level panel dataset that covers large insurance companies, banks and non … reflected in current insurance regulation (incl. upcoming Solvency II in Europe). …

We analyze the extent to which private defensive litigation insurance deters patent assertion by non …-practicing entities (NPEs). We study the effect that a patent-specific defensive insurance product, offered by a leading litigation … defensive litigation insurance on the behavior of patent enforcers and accused infringers. We show that the availability of …

less experienced traders. As in a fraction of the uniform-experience literature, lack of short-selling makes room for the … success of such bubble schemes. This previous literature did not allow for persistent effects of experience on beliefs and …, instead, relied on more direct assumptions of belief heterogeneity. Although we map experience into beliefs in a specific way …

variables over the respondents' lifetime, respectively. I find that experience significantly predicts respondents' expectations …

Based on a new survey of German households, we investigate the role that information channels and lifetime experience … experience of these variables. Similarly, the expected response of inflation to a change in the interest rate is also shaped by … experience. We propose the interpretation that households obtain inflation numbers from the media, but their 'economic model' is …