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Asymmetric Learning in Repeated Contracting: An Empirical Study
Cohen, Alma - National Bureau of Economic Research (NBER) - 2008
which insurers are not required by law or contract to share information about their customers' records. I use this dataset … to test the asymmetric learning hypothesis that sellers obtain over time private information that some of their repeat …
Persistent link: https://www.econbiz.de/10005575389
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Insider Trading, Stochastic Liquidity and Equilibrium Prices
Collin-Dufresne, Pierre; Fos, Vyacheslav - National Bureau of Economic Research (NBER) - 2012
. More private information is revealed when volatility is higher. In time series, insiders trade more aggressively, when …
Persistent link: https://www.econbiz.de/10010581038
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Learning Millennial-Style
Carlin, Bruce I.; Jiang, Li; Spiller, Stephen A. - National Bureau of Economic Research (NBER) - 2014
instructions leads to better financial decisions, but less information sharing. Misleading advertising not only causes worse … guiding financial literacy training, and also has broader impact for education in the information age. …
Persistent link: https://www.econbiz.de/10010950669
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Equalizing Superstars: The Internet and the Democratization of Education
Acemoglu, Daron; Laibson, David; list, john - National Bureau of Economic Research (NBER) - 2014
Internet-based educational resources are proliferating rapidly. One concern associated with these (potentially transformative) technological changes is that they will be disequalizing - as many technologies of the last several decades have been - creating superstar teachers and a winner-take-all...
Persistent link: https://www.econbiz.de/10010951360
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Does Exposure to Economics Bring New Majors to the Field? Evidence from a natural Experiment.
Grogger, Jeffrey T.; Fricke, Hans; Steinmayr, Andreas - National Bureau of Economic Research (NBER) - 2015
This study investigates how being exposed to a field of study influences students’ major choices. We exploit a natural experiment at a Swiss university where all first-year students face largely the same curriculum before they choose a major. An important component of the first-year curriculum...
Persistent link: https://www.econbiz.de/10011272311
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Managing Catastrophic Risk
Heal, Geoffrey; Kunreuther, Howard - National Bureau of Economic Research (NBER) - 2012
A principal reason that losses from catastrophic risks have been increasing over time is that more individuals and firms are locating in harm's way while not taking appropriate protective measures. Several behavioural biases lead decision-makers not to invest in adaptation measures until after...
Persistent link: https://www.econbiz.de/10011276430
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Supermodularity and Tipping
Heal, Geoffrey; Kunreuther, Howard - National Bureau of Economic Research (NBER) - 2006
We model tipping as a game-theoretic phenomenon and investigate the connection between supermodular games, tipping of equilibria and cascading, and apply the results to issues that arise in the context of homeland security and computer security. We show that tipping and cascading can occur in...
Persistent link: https://www.econbiz.de/10005248804
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The Value of a Statistical Life and the Coefficient of Relative Risk Aversion
Kaplow, Louis - National Bureau of Economic Research (NBER) - 2003
Individuals' risk preferences are estimated and employed in a variety of settings, notably including choices in financial, labor, and product markets. Recent work, especially in financial economics, provides estimates of individuals' coefficients of relative risk aversion (CRRA's) in excess of...
Persistent link: https://www.econbiz.de/10005248969
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Gender Differences in Risk Aversion and Ambiguity Aversion
Borghans, Lex; Golsteyn, Bart; Heckman, James J.; … - National Bureau of Economic Research (NBER) - 2009
This paper demonstrates gender differences in risk aversion and ambiguity aversion. It also contributes to a growing literature relating economic preference parameters to psychological measures by asking whether variations in preference parameters among persons, and in particular across genders,...
Persistent link: https://www.econbiz.de/10005084452
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Employment, Wages and Voter Turnout
Stephens, Melvin Stephens, Jr.; Charles, Kerwin Kofi - National Bureau of Economic Research (NBER) - 2011
This paper argues that, since activities that provide political information are complementary with leisure, increased … labor market activity should lower turnout, but should do so least in prominent elections where information is ubiquitous … an information argument, and is either inconsistent with or not fully explicable by arguments based on citizens …
Persistent link: https://www.econbiz.de/10009226772