Showing 1 - 10 of 316
We propose a new framework for pricing assets, derived in part from the traditional consumption-based approach, but which also incorporates two long-standing ideas in psychology: prospect theory, and evidence on how prior outcomes affect risky choice. Consistent with prospect theory, the...
Persistent link: https://www.econbiz.de/10012763762
This paper estimates a model of airline competition that captures the two major features of the industry: product differentiation and economies of density. The results not only provide support to some of the traditional common wisdom in the industry, but are also useful for understanding major...
Persistent link: https://www.econbiz.de/10013240526
Does academic economic research produce material of scientific value, or are academic economists writing only for clients and peers? Is economics scholarship uniquely insular? We address these questions by quantifying interactions between economics and other disciplines. Changes in the impact of...
Persistent link: https://www.econbiz.de/10012949420
This study makes use of detailed student-level data from eight cohorts of first-year students at Northwestern … students learn relatively more from non-tenure line professors in their introductory courses. These differences are present … across a wide variety of subject areas, and are particularly pronounced for Northwestern's average students and less …
Persistent link: https://www.econbiz.de/10013076574
Twenty-five cohorts of medical students were asked in their first and fourth year of school to estimate contemporaneous … physician income in six different specialties. The students' income estimation errors varied systematically over time and cross … absolute value of the estimation errors was 26 percent of actual income. Students were 35 percent more accurate when estimating …
Persistent link: https://www.econbiz.de/10013232026
. This study also presents empirical evidence from a laboratory experiment in which students at a selective college were …
Persistent link: https://www.econbiz.de/10013213459
Using administrative data from a large 4-year public university, we show that male students are 18.6 percent more … likely than female students to receive favorable grade changes initiated by instructors. These gender differences cannot be … explained by observable characteristics of the students, instructors, and the classes. To understand the mechanisms underlying …
Persistent link: https://www.econbiz.de/10013310683
in religiosity of students majoring in the social sciences and humanities, but a rise in religiosity for those in …
Persistent link: https://www.econbiz.de/10013152092
New graduates of elite MBA programs flock to Wall Street during bull markets and start their careers elsewhere when the stock market is weak. Given the transferability of MBA skills, it seems likely that any effect of stock returns on MBA placement would be short-lived. In this paper, I use a...
Persistent link: https://www.econbiz.de/10012767420
Many basic economic theories with perfectly functioning markets do not predict the existence of the vast number of microenterprises readily observed across the world. We put forward a model that illuminates why financial and managerial capital constraints may impede experimentation, and thus...
Persistent link: https://www.econbiz.de/10013065641