Showing 1 - 10 of 12
We analyze the transmission of structural shocks between the US and the euro area within a two-country VAR framework. For that purpose, we simultaneously identify cost-push, demand and monetary policy shocks for both countries using sign restrictions. Our results show that domestic shocks...
Persistent link: https://www.econbiz.de/10013370062
D. N. McCloskey and Stephen Ziliak have criticized economists and others for confounding statistical and substantive significance, and for committing the logical error of the transposed conditional. In doing so they sometimes misinterpret the function of significance tests. Nonetheless,...
Persistent link: https://www.econbiz.de/10010282075
profited from high firm rents in the past. We interpret our findings as evidence for overconfidence generated by imperfectly …
Persistent link: https://www.econbiz.de/10010294904
Recent field evidence suggests a positive link between overconfidence and innovative activities. In this paper we argue … that the connection between overconfidence and innovation is more complex than the previous literature suggests. In … particular, we show theoretically and experimentally that different forms of overconfidence may have opposing effects on …
Persistent link: https://www.econbiz.de/10010332036
We study the implications of overconfidence for price setting in a monopolistic competition setup with incomplete …
Persistent link: https://www.econbiz.de/10012030262
models of social learning to investigate the micro-level mechanisms. We find that overconfidence and conservatism contribute …
Persistent link: https://www.econbiz.de/10011816763
observed ineffciency and observed horizon dynamics. Using the same model framework, I also rule out overconfidence as the main …
Persistent link: https://www.econbiz.de/10012271247
This study examines gender differences in overconfidence and decision-making in a high-stakes environment. Using data … average, are less likely than men to overestimate their ability. This result is robust to different measures of overconfidence … overconfidence. In terms of performance, results suggest that women suffer more from overconfidence than men. …
Persistent link: https://www.econbiz.de/10012662698
Recent field evidence suggests a positive link between overconfidence and innovative activities. In this paper we argue … that the connection between overconfidence and innovation is more complex than the previous literature suggests. In … particular, we show theoretically and experimentally that different forms of overconfidence may have opposing effects on …
Persistent link: https://www.econbiz.de/10010316868
A unique examination strategy in first year microeconomics courses is used to test for gender differences in preferences in examination behavior. Students have the possibility of attaining a seminar bonus on the final exam for near-perfect seminar attendance and are given two voluntary initial...
Persistent link: https://www.econbiz.de/10010321162