Narrow search
Showing 1 - 10 of 6,461
Cover Image
Bayesian Learning in Social Networks
Acemoglu, Daron - 2008
We study the perfect Bayesian equilibrium of a model of learning over a general social network. Each individual receives a signal about the underlying state of the world, observes the past actions of a stochastically-generated neighborhood of individuals, and chooses one of two possible actions....
Persistent link: https://www.econbiz.de/10012771797
Cover Image
Deadlock on the Board
Donaldson, Jason Roderick - 2019
We develop a dynamic model of board decision-making. We show that a board could retain a policy all directors agree is …
Persistent link: https://www.econbiz.de/10012864484
Cover Image
Resolving Intertemporal Conflicts : Economics vs Politics
Millner, Antony - 2014
decision about how to manage a common asset. How should this be done? We examine two methods: an 'Economics' approach that …
Persistent link: https://www.econbiz.de/10013043608
Cover Image
Dynamic Savings Choices with Disagreements
Cao, Dan - 2016
.js?config=AM_HTMLorMML-full"></script>We study a flexible dynamic savings game in continuous time, where decision makers rotate in and out of power. These agents …
Persistent link: https://www.econbiz.de/10012998411
Cover Image
Organizational Decision Making Under Uncertainty Shocks
Ballesteros, Luis - 2018
In line with the fallacy of riskification of uncertainty by which decision makers believe that the effects of … institutional theory that points to stakeholder and institutional dynamics affecting economic incentives to invest in prevention and … business continuity. Taken together, this article offers the foundation for a behaviorally plausible, decision …
Persistent link: https://www.econbiz.de/10012912518
Cover Image
Firms’ Management of Infrequent Shocks
Collier, Benjamin - 2016
We examine businesses' financial management of a rare, severe event using detailed firm-level data collected following Hurricane Sandy in the New York area. Credit played a prominent role in financing recovery; more negatively affected firms took on debt because of Sandy (38%) than received...
Persistent link: https://www.econbiz.de/10012983420
Cover Image
Does Market Experience Eliminate Market Anomalies? The Case of Exogenous Market Experience
List, John A. - 2011
A vibrant literature has emerged that suggests willingness to pay and willingness to accept measures of value are quite different for inexperienced consumers but that value differences erode with market experience. One potential shortcoming of this literature is that market experience is...
Persistent link: https://www.econbiz.de/10013127977
Cover Image
Investors' and Central Bank's Uncertainty Embedded in Index Options
David, Alexander - 2011
Shocks to equity options' ATM implied volatility (ATMIV) are followed by persistently lower short-term rates. Shocks to the ratio of OTM puts' over OTM calls' implied volatilities (P/C) are followed by persistently higher rates. The stock's and Treasury-bond's ATMIV indices, which measure market...
Persistent link: https://www.econbiz.de/10013130555
Cover Image
Technical Change, Learning, and Wages
Bartel, Ann P. - 2010
This paper examines the relationship between technological change and wages using pooled cross-sectional industry-level data and several alternative indicators of the rate of introduction of new technology. Our main finding is that industries with a high rate of technical change pay higher wages...
Persistent link: https://www.econbiz.de/10013134931
Cover Image
Learning About CEO Ability and Stock Return Volatility
Pan, Yihui - 2013
When there is uncertainty about a CEO's quality, news about the firm causes rational investors to update their expectation of the firm's profitability for two reasons: Updates occur because of the direct effect of the news, and also because the news can cause an updated assessment of the CEO's...
Persistent link: https://www.econbiz.de/10013085131