Showing 1 - 10 of 64
finance, it is usually modeled as a direct consequence of misperceiving signal reliability. This bias is typically dubbed …-established miscalibration bias. We find no gender differences in overconfidence for our measures except for one, where women are more …
Persistent link: https://www.econbiz.de/10010281612
We assess the efficiency of regional innovation systems (RIS) in Germany by means of a knowledge production function …
Persistent link: https://www.econbiz.de/10010263783
This paper discusses several features of knowledge that are often considered crucial for characterizing the economic … significance of knowledge: whether it is overtly accessible or tacit, whether it can be or is encoded or not, and whether it has … public or private good character. It is argued that all these features depend similarly on the state of the knowledge …
Persistent link: https://www.econbiz.de/10010263788
This paper constructs a Global Entrepreneurship Index (GEINDEX) that captures the contextual feature of entrepreneurship across countries. We find the relationship between entrepreneurship and economic development to be mildly S-shaped not U-shaped or L-shaped. Our findings suggest moving away...
Persistent link: https://www.econbiz.de/10010266685
A new model of economic growth introduces the knowledge filter between new generic knowledge and economically …-useful knowledge. It identifies both the formation of new ventures and the absorptive capacity of incumbent firms as the mechanisms … that penetrate the knowledge filter. Recent empirical work has shown that new firms are more proficient at penetrating the …
Persistent link: https://www.econbiz.de/10010270590
We study the nature of dominance violations in three minimalist dominance-solvable guessing games, featuring two or three players choosing among two or three strategies. We examine how subjects’ reported reasoning translates into their choices and beliefs about others’ choices, and how...
Persistent link: https://www.econbiz.de/10005866530
performance in a production task (a general knowledge quiz) to the treatment where pre-tax income is assigned by luck. We do not … below or above average, which is in line with a fairness bias. Finally, subjects not knowing whether their pre-tax income is …
Persistent link: https://www.econbiz.de/10010291852
phenomenon, called the favorite longshot bias, has many explanations such as risk seeking preference, transaction costs, and non … new explanation for the favorite longshot bias. We show that the bias exists in the absence of all above mentioned reasons …, and the degree of the bias differs depending on the type of the mental accounting process that bettors apply. …
Persistent link: https://www.econbiz.de/10010263792
investigate what causes the in-group bias: is it due to mere group affiliation or, alternatively, is guilt-aversion a possible … beliefs. We find that mere group affiliation affects beliefs and explains a substantial part of the bias, but we also find …
Persistent link: https://www.econbiz.de/10010263886
In this paper, we use survey data to analyze the accuracy, unbiasedness, and the efficiency of professional macroeconomic forecasts. We analyze a large panel of individual forecasts that has not been analyzed in the literature so far. We provide evidence on the properties of forecasts for all G7...
Persistent link: https://www.econbiz.de/10010267119