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Belief updating : does the "good-news, bad-news" asymmetry extend to purely financial domains?
Barron, Kai - 2019
, presenting evidence that people overweight 'good news' relative to 'bad news' when updating ego-relevant beliefs. In this paper …
Persistent link: https://www.econbiz.de/10012064638
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Belief updating: does the 'good-news, bad-news' asymmetry extend to purely financial domains?
Barron, Kai - 2019 - Revised July 2019
, presenting evidence that people overweight 'good news' relative to 'bad news' when updating ego-relevant beliefs. In this paper …
Persistent link: https://www.econbiz.de/10012029067
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Belief updating: does the "good-news, bad-news" asymmetry extend to purely financial domains?
Barron, Kai - 2020 - 2nd revision March 2020
, presenting evidence that people overweight 'good news' relative to 'bad news' when updating ego-relevant beliefs. In this paper …
Persistent link: https://www.econbiz.de/10012178991
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Demographic change and the German current account surplus
Schön, Matthias - 2020
This paper shows that demographic change plays an important role in the formation of a country's net foreign asset position. An ageing population both lowers the demand and increases the supply of capital in an economy. Fewer workers reduce the required capital stock. As a longer life span leads...
Persistent link: https://www.econbiz.de/10012406006
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Long-term outlook for the German statutory pension system
Schön, Matthias - 2020
This paper presents long term projections of the German pension system that are based on a general equilibrium model with overlapping generations (OLG). This framework takes into account the two way feedback of both micro and macroeconomic relationships, meaning that households, for example,...
Persistent link: https://www.econbiz.de/10012197894
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Demographic change and the rate of return in PAYG pension systems
Schön, Matthias - 2020
The currently observed demographic change consists of two independent develop-ments that differ in structure and persistence: (1) A slow, monotonic and (presum-ably) permanent ageing effect caused by an increasing life expectancy; (2) a morerapidly changing, non-monotonic and less permanent...
Persistent link: https://www.econbiz.de/10012313783
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Markets wanted : expectation overshooting in transition
Neher, Frank - 2011
We analyse and compare individual beliefs about the effects of competition and their evolution over time in transition … economies and experienced market economies. At the onset of transition, competition beliefs in transition countries are far more … in transition countries. We argue that overly optimistic competition beliefs in transition countries contributed to the …
Persistent link: https://www.econbiz.de/10010194639
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Explicit and implicit belief-based gender discrimination : a hiring experiment
Barron, Kai; Ditlmann, Ruth; Gehrig, Stefan; … - 2022
. Both rely on statistically inaccurate beliefs but differ in how clearly they reveal that the choice was based on gender …
Persistent link: https://www.econbiz.de/10013193858
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Everyday econometricians : selection neglect and overoptimism when learning from others
Barron, Kai; Huck, Steffen; Jehiel, Philippe - 2019
There are many important decision problems where learning through experimentation is costly or impossible. In these situations, individuals may try to learn from observing the outcomes of others who have made similar decisions. Often, however, information about others comprises a selected...
Persistent link: https://www.econbiz.de/10011982107
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Incentives, search engines, and the elicitation of subjective beliefs : evidence from representative online survey experiments
Grewenig, Elisabeth; Lergetporer, Philipp; Werner, Katharina - 2019
A large literature studies subjective beliefs about economic facts using unincentivized survey questions. We devise … beliefs about average earnings by professional degree and average public school spending. Incentive provision does not impact … earnings beliefs, but improves school-spending beliefs. Response patterns suggest that the latter effect likely reflects …
Persistent link: https://www.econbiz.de/10012033460