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Predictability of asset returns and the efficient market hypothesis
Pesaran, M. Hashem - 2010
This paper is concerned with empirical and theoretical basis of the Efficient Market Hypothesis (EMH). The paper begins with an overview of the statistical properties of asset returns at different frequencies (daily, weekly and monthly), and considers the evidence on return predictability, risk...
Persistent link: https://www.econbiz.de/10003985756
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Skewness expectations and portfolio choice
Drerup, Tilman H.; Wibral, Matthias; Zimpelmann, Christian - 2022
Many models of investor behavior predict that investors prefer assets that they believe to have positively skewed return distributions. We provide a direct test of this prediction in a representative sample of the Dutch population. Using individual-level data on return expectations for a broad...
Persistent link: https://www.econbiz.de/10012805556
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When the market drives you crazy : stock market returns and fatal car accidents
Guilietti, Corrado; Tonin, Mirco; Vlassopoulos, Michael - 2018
The stock market influences some of the most fundamental economic decisions of investors, such as consumption, saving, and labor supply, through the financial wealth channel. This paper provides evidence that daily fluctuations in the stock market have important - and hitherto neglected -...
Persistent link: https://www.econbiz.de/10011893801
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Becoming sensitive : males' risk and time preferences after the 2008 financial crisis
Jetter, Michael; Magnusson, Leandro M.; Roth, Sebastian - 2020
This paper presents evidence suggesting men's (but not women's) risk and time preferences have systematically become sensitive to local economic conditions since the 2008 financial crisis. Studying longitudinal, nationally representative data for 22,579 Australian-based respondents in up to 11...
Persistent link: https://www.econbiz.de/10012193509
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Model of NGO regulation with an application to Uganda
Burger, Ronelle; Dasgupta, Indraneel; Owens, Trudy - 2011
We develop a model of regulation of service-delivery NGOs, where future grants are conditional on prior spending of … some minimal proportion of current revenue on direct project-related expenses. Such regulation induces some NGOs to … parametric configurations, we find that regulation increases total discounted project expenditure over a regime of no regulation …
Persistent link: https://www.econbiz.de/10009523471
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The hidden costs of choice in the labor market
Au, Pak Hung; Li, King King; Zhang, Qing; Zhu, Rong - 2023
work performance, compared to the alternative of exogenous assignment. Classical economic theory suggests that giving …
Persistent link: https://www.econbiz.de/10014431787
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Mind, body, bubble! : psychological and biophysical dimensions of behavior in experimental asset markets
Butler, David J.; Cheung, Stephen L. - 2018
and biophysical attributes. Measures of emotion self‐regulation and interoceptive ability are informative, as is cognitive …
Persistent link: https://www.econbiz.de/10011870688
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The distribution of ambiguity attitudes
Gaudecker, Hans-Martin von; Wogrolly, Axel; Zimpelmann, … - 2022
health disparities, health behaviors, dynamic demand, side effects, structural models, HIV/AIDSaThis paper analyzes the stability and distribution of ambiguity attitudes using a broad population sample. Using high-powered incentives, we collected six waves of data on ambiguity attitudes about...
Persistent link: https://www.econbiz.de/10013453995
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Can altruism lead to a willingness to take risks?
Stark, Oded - 2023
I study attitudes towards risk taking in cases where a person relates to others positively, namely altruistically. This study is needed because it is unclear how altruism influences the inclination of an altruistic person to take risks. Will this person's risk-taking behavior differ if the...
Persistent link: https://www.econbiz.de/10014423411
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Bringing connections onboard: the value of political influence
Green, Colin; Homroy, Swarnodeep - 2020
In 2002, an amendment to UK parliamentary regulations removed restrictions on the participation of members of parliament (MPs) in parliamentary proceedings related to their corporate interests. Using this amendment as a quasi-natural experiment, we demonstrate gains in firm value and...
Persistent link: https://www.econbiz.de/10012239525