markets and whether the effects spill over to spouses and children. There is substantial evidence that more educated people …

We study the effect of team decision-making on bubbles and crashes in experimental asset markets of the kind introduced … by Smith, Suchanek and Williams (1988). We find that populating such markets with teams of size two instead of …

In China, real estate and the stock market are the two main markets favored by both individual and institutional … stock market and real estate sector's trading volumes in 31 provinces of China. Its empirical results are based on panel …

. Firms are found to engage in herding behavior, being more likely to employ undocumented workers if competitors do. Rivals … marginal revenue product. The herding behavior and competitive effects are found to be much weaker in geographically broad … product markets, where firms have the option to shift labor-intensive production out of state or abroad …

According to the widely known 'culture of honor' hypothesis from social psychology, traditional herding practices are …, and large-scale surveys. The data show systematic links between traditional herding practices and a culture of honor …. First, the culture of pre-industrial societies that relied on animal herding emphasizes violence, punishment, and revenge …