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Specific Information, General Information, and Employment Matches Under Uncertainty

Viscusi, W. Kip - 2021

specific/general information for matching processes in many respects aralle1 the role of that distinction in human capital …Employment matches under uncertainty are typically accompanied by opportunities for information acquisition. Workers … can acquire specific information about productivity lotteries at the firm or general information affecting their …

Persistent link: https://www.econbiz.de/10013249393

Equity market information and credit risk signaling : a quantile cointegrating regression approach

Gatfaoui, Hayette - In: Economic modelling 64 (2017), pp. 48-59

Persistent link: https://www.econbiz.de/10011756467

Portfolio selection with narrow framing : probability weighting matters

De Giorgi, Enrico; Legg, Shane - 2009 - This version: June 9, 2009

This paper shows that the framework proposed by Barberis and Huang (2009) to incorporate narrow framing and loss aversion into dynamic models of portfolio choice and asset pricing can be extended to also account for probability weighting and for a value function that is convex on losses and...

Persistent link: https://www.econbiz.de/10003970464

Trapped in the "zero-risk" society and how to break free

Sornette, Didier; Cauwels, Peter - 2020

We live in a ‘zero-risk society', characterized by a culture that is obsessed with controlling and removing any possible risks. Obviously, one of the fundamental objectives of any civilization is to improve the safety and security of its citizens. However, we should not let the cozy comfort...

Persistent link: https://www.econbiz.de/10012271226

Risk and Returns to Education

Brown, Jeffrey R. - 2012

We analyze the returns to education in a life-cycle framework that incorporates risk preferences, earnings volatility (including unemployment), and a progressive income tax and social insurance system. We show that such a framework significantly reduces the measured gains from education relative...

Persistent link: https://www.econbiz.de/10013101828

Optimal incentives and securitization of defaultable assets

Malamud, Semyon; Rui, Huaxia; Whinston, Andrew B. - 2011

We study optimal securitization of defaultable assets in a continuous time setting. A financial intermediary can create a portfolio of defaultable assets and then sell it to outside investors. The default risk of the assets in the portfolio is determined by the unobservable costly effort exerted...

Persistent link: https://www.econbiz.de/10009375121

Firm-specific information and systemic risk

Clements, Adam; Liao, Yin - In: Economic modelling 90 (2020), pp. 480-493

Persistent link: https://www.econbiz.de/10012428956

Uncertainty About Future Income : Initial Beliefs and Resolution During College

Gong, Yifan - 2019

We use unique data from the Berea Panel Study to characterize how much earnings uncertainty is present for students at college entrance and how quickly this uncertainty is resolved. We characterize uncertainty using survey questions that elicit the entire distribution describing one's beliefs...

Persistent link: https://www.econbiz.de/10012893983

A tangled tale of training and talent : PhDs in institutional asset management

Chaudhuri, Ranadeb; Ivković, Zoran; Pollet, Joshua M.; … - In: Management science : journal of the Institute for … 66 (2020) 12, pp. 5623-5647

Persistent link: https://www.econbiz.de/10012391403

Rationalizing Trading Frequency and Returns : Maybe Trading is Good for You

Bonaparte, Yosef - 2019

Barber and Odean (2000) find that households who trade more have a lower net return than others and attribute this pattern to irrationality, particularly overconfidence. In contrast, we find that household financial choices generated from a dynamic optimization problem with rational agents and...

Persistent link: https://www.econbiz.de/10012869809

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