This paper provides the foundations of a general theory of information and the capital market. We show that in a pure …, and, in particular, they may behave in a risk averse manner, paying attention to own risk (which traditional theory …

broadly neutral with regard to work incentives. Exploiting variation in pension wealth and work incentives across different …

can be explained by the availability of publicly-funded disability insurance and the financial incentives provided by … affected by financial incentives. A one standard deviation change in the option value is estimated to reduce the likelihood of … exit probability of 9.4%. This suggests the variation in financial incentives across different individuals could explain a …

describes incentives to enter technology areas characterized by varying technological opportunity, complexity, and the potential …