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Regulation consists of rulemaking and enforcement. Economic theory offers two complementary rationales for regulating financial institutions. Altruistic public-benefits theories treat rules as governmental instruments for increas- ing fairness and efficiency across society as a whole....
Persistent link: https://www.econbiz.de/10012472798
') bias in the estimates and, after due account is taken of this bias, we find that differences due to estimation method are …
Persistent link: https://www.econbiz.de/10012471319
observed home bias …
Persistent link: https://www.econbiz.de/10012466448
that have sufficient information to correct for this bias. For the housing market studies, the estimated effect of …
Persistent link: https://www.econbiz.de/10012456397
Research which explores unchartered waters has a high potential for major impact but also carries a higher uncertainty of having impact. Such explorative research is often described as taking a novel approach. This study examines the complex relationship between pursuing a novel approach and...
Persistent link: https://www.econbiz.de/10012456495
individuals can exhibit both primacy bias towards the first option and recency bias towards the last option. We examine this …; however, there is also some recency bias, with the last paper listed receiving more views, downloads and cites. The results …
Persistent link: https://www.econbiz.de/10012457525
Throughout the Western world, people's policy views are correlated across domains in a strikingly similar fashion. This …
Persistent link: https://www.econbiz.de/10012481366
cultural heterogeneity, the world's geographical fragmentation by ethic and religious traits, at any given time. Finally, the …
Persistent link: https://www.econbiz.de/10012462145
This paper presents a new set of stylized facts about the global variation in universalism, leveraging hypothetical money allocation tasks deployed in representative samples of 64,000 people from 60 countries. Our data reveal large variation in universalism within and across countries, which...
Persistent link: https://www.econbiz.de/10013334376
Economics and ethics both offer important perspectives on our society, but they do so from two different viewpoints … - the central focus of economics is how the price system in our economy values resources; the central focus of ethics is the … bias and discrimination, hack the human brain, and increasingly reduce human autonomy. Market incentives to create ever …
Persistent link: https://www.econbiz.de/10012480076