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The sub-prime crisis has shown a harsh spotlight on the practices of securities underwriters, which provided too many complex securities that proved to ultimately have little value. This uproar calls attention to the fact that the literature on intermediaries has carefully analyzed their...
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This paper analyzes the self-identification process and its role in motivation. We build a model of self-confidence … performance. Higher self-confidence thus enhances motivation, and this creates incentives for the manipulation of self …-perception. An individual suffering from time-inconsistency may thus want to enhance the self-confidence of his future selves, so as …
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