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The efficiency of financial markets and their potential to produce bubbles are central topics in academic and … with bubble-drivers-capital inflows or high initial capital supply-are susceptible to bubbles, but they are significantly …
Persistent link: https://www.econbiz.de/10011807267
experiment is related to children’s risk attitudes and intertemporal choices. Examining such a relationship is motivated by …
Persistent link: https://www.econbiz.de/10010401354
With the rise of experimental research in the social sciences, numerous methods to elicit and classify people's risk attitudes in the laboratory have evolved. However, evidence suggests that people's attitudes towards risk may change considerably when measured with different methods. Based on a...
Persistent link: https://www.econbiz.de/10012098392
the nature of provided incentives. We conduct a 'lab in the field' experiment with internal auditors during two large … performance of the unit that they are auditing. We vary incentives in the experiment from individual (piece rate) to competitive … that incentive-based compensation increases dishonest behavior among internal auditors: competitive incentives lead to …
Persistent link: https://www.econbiz.de/10011639592
traders and cash triggers bubbles ("inflow-effect"). (ii) In treatments with trader and cash inflow only in the first half of … bubbles in almost all of the 24 markets with trader inflow. The analysis of traders' beliefs reveals that (iii) despite … motive only among the optimists in treatments where we observe bubbles. …
Persistent link: https://www.econbiz.de/10010402768
Persistent link: https://www.econbiz.de/10003805440
when uninformed traders accumulate experience, though for different reasons. -- bubbles ; information ; experiment …We study whether information about imminent future dividends can abate bubbles in experimental asset markets. Using the … have smaller, and shorter, bubbles than markets with symmetrically informed or uninformed traders. Hence, fundamental …
Persistent link: https://www.econbiz.de/10009733231
It is conjectured that one of the major ingredients of historic financial bubbles was the inflow of money in various … efficiency. We show that only markets with cash inflow and long trading horizon exhibit bubbles and crashes. We also observe that … markets with extended trading horizon but without cash inflow and markets with shorter trading horizon do not trigger bubbles …
Persistent link: https://www.econbiz.de/10011447411
Building on cross-sectional data for Austrian high school students from fifth to twelfth grade, we investigate the correlations between socio-economic background variables and a comprehensive set of variables related to financial decision-making (i.e., financial knowledge, behavioral...
Persistent link: https://www.econbiz.de/10013483340
Rankings are a pervasive feature of the finance industry. Although they have no direct monetary consequences, rankings provide utility for intrinsic (positive self-image) and extrinsic (status) reasons. We recruit a unique subject pool of 204 financial professionals and investigate how anonymous...
Persistent link: https://www.econbiz.de/10011417442