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Attention, information processing and choice in incentive-aligned choice experiments

Yang, Cathy L.; Toubia, Olivier; Jong, Martijn G. de - 2015

alignment induces truth telling, i.e., respondents do not consciously lie, given the information they have processed. However … necessarily enough to induce consumers to process information and choose as they would if choices were realized with certainty … study the impact on attention, information processing, and choice. Consistent with our hypotheses, we find that as prob is …

Persistent link: https://www.econbiz.de/10011551349

Detecting heterogeneous risk attitudes with mixed gambles

Bruhin, Adrian; Mata, José; Astebro, Thomas B. - 2014

We propose a task for eliciting attitudes towards risk that is close to real world risky decisions which typically involve gains and losses. The task consists of accepting or rejecting gambles that provide a gain with probability p and a loss with probability 1 − p. We employ finite mixture...

Persistent link: https://www.econbiz.de/10010499766

A bounded rationality model of information search and choice in preference measurement

Yang, Cathy L.; Toubia, Olivier; Jong, Martijn G. de - 2014

preference measurement tasks. We develop a dynamic discrete choice model of information search and choice under bounded …

Persistent link: https://www.econbiz.de/10010502068

News trading and speed

Foucault, Thierry; Hombert, Johan; Rosu, Ioanid - 2015

We compare the optimal trading strategy of an informed speculator when he can trade ahead of incoming news (is "fast"), versus when he cannot (is "slow"). We find that speed matters: the fast speculator's trades account for a larger fraction of trading volume, and are more correlated with...

Persistent link: https://www.econbiz.de/10010504950

Confidence as a source of deferral

Hill, Brian - 2014

information asymmetry, is undertaken, and a simple multi-factor model of deferral – involving both confidence and information …

Persistent link: https://www.econbiz.de/10010501389

Do managers overreact to salient risks? : evidence from hurricane strikes

Dessaint, Olivier; Matray, Adrien - 2013

We study how managers respond to hurricane events when their firms are located in the neighborhood of the disaster area. We find that the sudden shock to the perceived liquidity risk leads managers to increase corporate cash holdings and to express more concerns about hurricane risk in...

Persistent link: https://www.econbiz.de/10010391950

The Roots of the New Economy: An Institutional Perspective

Petit, Pascal - In: International Productivity Monitor 4 (2002) Spring, pp. 39-54

The factors behind the emergence of the New Economy are still poorly understood. In this article, Pascal Petit from CEPREMAP and CNRS in France provides an institutional perspective on the developmental phases or roots of this New Economy. He analyzes the structural, institutional and...

Persistent link: https://www.econbiz.de/10005157594