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When the Market Drives You Crazy: Stock Market Returns and Fatal Car Accidents
Giulietti, 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/10011931685
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Relationship between the Real Estate Sector and the Stock Market in Chinese Provinces
Di, Zeyu; Heshmati, Almas; Liu, Sijia - 2022
In China, real estate and the stock market are the two main markets favored by both individual and institutional investors. There is a significant economic link between the two. Therefore, their relationship and long-term and short-term causality can provide good guidance for investors. This...
Persistent link: https://www.econbiz.de/10013351746
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Wealth Shocks and Health Outcomes: Evidence from Stock Market Fluctuations
Schwandt, Hannes - 2014
Do wealth shocks affect the health of the elderly in developed countries? The economic literature is skeptical about such effects which have so far only been found for poor retirees in poor countries. In this paper I show that wealth shocks also matter for the health of wealthy retirees in the...
Persistent link: https://www.econbiz.de/10010398236
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Predictability of asset returns and the efficient market hypothesis
Pesaran, Mohammad 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/10010276268
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Attention Discrimination: Theory and Field Experiments with Monitoring Information Acquisition
Bartoš, Vojtěch; Bauer, Michal; Chytilová, Julie; … - 2014
We link two important ideas: attention is scarce and lack of information about an individual drives discrimination in … selection decisions. Our model of allocation of costly attention implies that applicants from negatively stereotyped groups face … attention discrimination: less attention in highly selective cherry-picking markets, where more attention helps applicants, and …
Persistent link: https://www.econbiz.de/10010352264
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Beliefs and Utility: Experimental Evidence on Preferences for Information
Falk, Armin; Zimmermann, Florian - 2016
, however, is not uniform but depends on context. When the environment allows subjects to not focus attention on (negative …
Persistent link: https://www.econbiz.de/10011559600
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Special Interest Groups versus Voters and the Political Economics of Attention
Balles, Patrick; Matter, Ulrich; Stutzer, Alois - 2018
constituents during times of low media attention to politics. Combining data on campaign finance donations made by individuals and …. Importantly, the latter effect is significantly larger when there is less attention on politics. Thereby, we draw on exogenous …
Persistent link: https://www.econbiz.de/10011984505
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A constitutional theory of the family
Cigno, Alessandro - 2005
The paper re-examines the idea that a family can be viewed as a community governed by a self-enforcing constitution, and extends existing results in two directions. First, it identifies circumstances in which a constitution is renegotiation-proof. Second, it introduces parental altruism. The...
Persistent link: https://www.econbiz.de/10010267482
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Manipulation of choice behavior
Manzini, Paola; Mariotti, Marco; Tyson, Christopher J. - 2011
We introduce and study the problem of manipulation of choice behavior. In a class of two-stage models of decision making, with the agent's choices determined by three psychological variables, we imagine that a subset of these variables can be selected by a manipulator. To what extent does this...
Persistent link: https://www.econbiz.de/10010278596
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Bread and Bullets
Akerlof, George A.; Snower, Dennis J. - 2016
kinds of decisions. Narratives play a role in understanding the environment; focusing attention; predicting events …
Persistent link: https://www.econbiz.de/10011479219