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Proud to not own stocks : how identity shapes financial decisions

Henkel, Luca; Zimpelmann, Christian - 2022

experimental evidence that such perceptions of identity-relevant characteristics causally influence decisionmaking: if people view … administrative data, we show that negative perceptions strongly predict households' stock market participation, more so than leading … alternative determinants. Beyond investment decisions, perceptions predict individuals' polarizing behavior towards stockholders …

Persistent link: https://www.econbiz.de/10013468209

Information experiments

Haaland, Ingar; König, Julian; Roth, Christopher; … - 2024

Information provision experiments have become pivotal in understanding how beliefs influence human behavior in various social science contexts. These experiments, which manipulate the information sets available to respondents, enable the exogenous alteration of beliefs and perceived constraints,...

Persistent link: https://www.econbiz.de/10014452574

Attitudes to migration and the market for news

Farukh, Razi; Heinz, Matthias; Kerkhof, Anna; … - 2023 - Version: August 3, 2023

-migration ideological campaigns use in promotion materials. We find that most national news outlets in Germany adopt an attitude to … attitude to migration even when consumers become more critical of migration over time. Moreover, all news outlets use pictures … with very diverse evaluations. Their position on migration largely follows their political orientation. We also use our …

Persistent link: https://www.econbiz.de/10014333521

Attention to the macroeconomy

Link, Sebastian; Peichl, Andreas; Roth, Christopher; … - 2023

We provide evidence on the dynamics, drivers, and consequences of attention to the macroeconomy using tailored panel surveys of German firms and households. Draw-ing on novel measures of attention based on open-ended questions collected before and during a historic shock to inflation, we...

Persistent link: https://www.econbiz.de/10014382474

Mental models of the stock market

Andre, Peter; Schirmer, Philipp; Wohlfart, Johannes - 2023

Investors’ return expectations are pivotal in stock markets, but the reasoning behind these expectations remains a black box for economists. This paper sheds light on economic agents’ mental models – their subjective understanding – of the stock market, drawing on surveys with the US...

Persistent link: https://www.econbiz.de/10014382545

When product markets become collective traps : the case of social media

Bursztyn, Leonardo; Handel, Benjamin; Jiménez Durán, … - 2023

Individuals might experience negative utility from not consuming a popular product. For example, being inactive on social media can lead to social exclusion or not owning luxury brands can be associated with having a low social status. We show that, in the presence of such spillovers to...

Persistent link: https://www.econbiz.de/10014382550

Contingent belief updating

Aina, Chiara; Amelio, Andrea; Brütt, Katharina - 2023

We study how contingent thinking - that is, reasoning through all possible contingencies without knowing which is realized - affects belief updating. According to the Bayesian benchmark, beliefs updated after exposure to new information should be equivalent to beliefs assessed for the...

Persistent link: https://www.econbiz.de/10014416232

Can information be too much? : information source selection and beliefs

Amelio, Andrea - 2023

investigates how the number of available information sources impacts agents' ability to (i) select reliable sources and (ii) use …

Persistent link: https://www.econbiz.de/10014416234

Subjective models of the macroeconomy: evidence from experts and representative samples

Andre, Peter; Pizzinelli, Carlo; Roth, Christopher; … - 2021

We study people’s subjective models of the macroeconomy and shed light on their at-tentional foundations. To do so, we measure beliefs about the eﬀects of macroeconomic shocks on unemployment and inﬂation, providing respondents with identical information about the parameters of the shocks...

Persistent link: https://www.econbiz.de/10012663050

Do people demand fact-checked news? : evidence from U.S. Democrats

Anand Chopra, Felix; Haaland, Ingar; Roth, Christopher - 2021

In a large-scale online experiment with U.S. Democrats, we examine how the demand for a newsletter about an economic relief plan changes when the newsletter content is fact-checked. We first document an overall muted demand for factchecking when the newsletter features stories from an...

Persistent link: https://www.econbiz.de/10012663061