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paper shows that financial regulation can be effective at mitigating this type of risk. Exploiting regulatory changes … introduced after the financial crisis as a natural experiment, I find that overconfidence-induced risk-taking decreases in … financial institutions subject to stricter regulation. Following the easing of these regulations, overconfidence-induced risk …
Persistent link: https://www.econbiz.de/10014477386
mitigation. We conducted a framed-field experiment among a Germany-wide sample to provide a revealed preference study on the …
Persistent link: https://www.econbiz.de/10012671884
“Top 5” economics journals. Second, a field experiment at four different open access medical journals elicits authors’ self …
Persistent link: https://www.econbiz.de/10012500292
Persistent link: https://www.econbiz.de/10012179540
Confidence is often seen as the key to success. Empirical evidence about how such beliefs about one's abilities … confidence about one's own ability on two central choices made by workers in the labor market: choosing between jobs with … confidence leads to an increase in subjects' propensity to choose payment schemes that depend heavily on ability. This is …
Persistent link: https://www.econbiz.de/10011964220
Digitalization has changed existing business models and enabled new ones. This development has been accompanied by the emergence of new pricing options and the possibility of applying established pricing models in new domains. Today, consumers can, for example, pay for accessing a product...
Persistent link: https://www.econbiz.de/10012033570
In a n experiment, we test the impact of quality certificates on donation s to a charity. Compared to the control group …
Persistent link: https://www.econbiz.de/10011863397
In an experiment, we test the impact of quality certificates on donations to a charity. When presented with a quality …
Persistent link: https://www.econbiz.de/10011639053
Persistent link: https://www.econbiz.de/10014320904
Overconfidence is one of the most important biases in financial markets and commonly associated with excessive trading and asset market bubbles. So far, most of the finance literature takes overconfidence as a given, "static" personality trait. In this paper we introduce a novel experimental...
Persistent link: https://www.econbiz.de/10012034133