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The dynamics of stock market participation

Galaasen, Sigurd Mølster; Raja, Akash - 2024

costs fails to generate sufficient exits. Extending the model to allow for experience-based learning, whereby agents form …

Persistent link: https://www.econbiz.de/10015195413

Persistent bias in advice-giving

Chen, Zhuoqiong; Gesche, Tobias - 2016

We show that a one-off incentive to bias advice has a persistent effect on advisers' own actions and their future recommendations. In an experiment, advisers obtained information about a set of three differently risky investment options to advise less informed clients. The riskiest option was...

Persistent link: https://www.econbiz.de/10011663187

Persistent bias in advice-giving

Chen, Zhuoqiong; Gesche, Tobias - 2017

We show that a one-off incentive to bias advice has persistent effects. In an experiment, some advisers were paid a bonus to recommend a lottery which only risk-seeking individuals should choose to a less informed client. Afterwards, they had to choose for themselves and make a second...

Persistent link: https://www.econbiz.de/10011784286

The Future of Health Economics: The Potential of Behavioral and Experimental Economics

Hansen, Fredrik; Anell, Anders; Gerdtham, Ulf-G.; … - 2013

The health care systems in the Nordic countries are facing key challenges. While the possibilities and willingness to expand health care resources are limited, the demand for health care are increasing due to continuous development of new medical technologies, changing demographics, increasing...

Persistent link: https://www.econbiz.de/10013208649

Meet the need for inclusive urbanization in China: Migrants' urban housing demand along their socio-economic transition

Gottschalch, Sören - 2015

China's central government has rightfully recognized that successful urbanization will be decisive for the nation's future development. However, most city regions in China are not yet enjoying the net benefits that agglomerations in metropolitan regions can initiate. In this regard, following...

Persistent link: https://www.econbiz.de/10010491263

Urbanization in China and how urban housing demand can be met

Gottschalch, Sören - 2013

As it has rightfully been recognized by China's central government, successful urbanization will be decisive for the nation's future development. Key challenges will be to realize urbanization economies, improve production and innovation capabilities, direct urban and suburban growth and improve...

Persistent link: https://www.econbiz.de/10010322814

War signals: A theory of trade, trust and conflict

Rohner, Dominic; Thoenig, Mathias; Zilibotti, Fabrizio - 2011

We construct a dynamic theory of civil conflict hinging on inter-ethnic trust and trade. The model economy is inhabitated by two ethnic groups. Inter-ethnic trade requires imperfectly observed bilateral investments and one group has to form beliefs on the average propensity to trade of the other...

Persistent link: https://www.econbiz.de/10010316887

Learning and Implementation on the Internet

Friedman, Eric; Shenker, Scott - 1998

We address the problem of learning and implementation on the Internet. When agents play repeated games in distributed … the essential properties that constitute ``reasonable'' learning behavior in distributed environments. We then study the …

Persistent link: https://www.econbiz.de/10010334355

Categorization and coordination

Daskalova, Vessela; Vriend, Nicolaas J. - 2014

The use of coarse categories is prevalent in various situations and has been linked to biased economic outcomes, ranging from discrimination against minorities to empirical anomalies in financial markets. In this paper we study economic rationales for categorizing coarsely. We think of the way...

Persistent link: https://www.econbiz.de/10011380993

Does digitalization increase labor market efficiency? Job search and effort on the job with asymmetric information and firm learning

Mayr-Dorn, Karin - 2019

This paper analyses the effect of firm learning on labor market efficiency in a frictional labor market with asymmetric … unknown to firms at the hiring stage. Firm learning increases relative expected earnings in high-ability jobs and, thereby … indeterminate a priori. Numerical results show that firm learning does not increase labor market efficiency. …

Persistent link: https://www.econbiz.de/10012140929