Vorliegendes Arbeitspapier entwickelt Konzepte zur Gestaltung von medien-, kommunikations- und informationstechnischgestützten Anwendungssystemen und Diensten.

A simple nonlinear structural model of endogenous belief heterogeneity is proposed. News about fundamentals is an IID random process, but nevertheless volatility clustering occurs as an endogenous phenomenon caused by the interaction between different types of traders, fundamentalists and...

This paper deals with the relation between the term structure of rents and future spot rents.

By simplifying the computational tasks and by providing step-by-step explana-tions of the procedures required to study a linear dynamic rational expectations(LDRE) model, this paper and the accompanying \LDRE Toolbox" of Matalb func-tions guide a researcher with almost no experience in...

Die vorliegende Betriebsfallstudie ist im Rahmen einer Magisterarbeit an der UniversitätBremen entstanden. Das ausgewertete empirische Material wurde im Zuge des Verbundprojekts‚Prävention in Unternehmen der Wissensökonomie’ (PRÄWIN) erhoben, welches zumZiel hat, Potenziale und Barrieren...

Based on outcomes for residents and qualitative studies, it is widelythought that public services meet the needs of residents less well indeprived areas, and that this is due to both the demands placed onservices being greater and the services themselves being of a lowerquality. This paper looks...

Sometimes we believe that others receive harmful information.However, Marschak’s value of information framework alwaysassigns non-negative value under expected utility: it starts from the decisionmaker’s beliefs – and one can never anticipate information’s harmfulnessfor oneself. The...

We analyze the quality of macroeconomic survey forecasts. Recent findings indicate that theyare anchoring biased. This irrationality would challenge the results of a wide range ofempirical studies, e.g., in asset pricing, volatility clustering or market liquidity, which rely onsurvey data to...

Using data collected in 2000 on a racially and ethnically diverse sample of high school seniors (typically 17-18 years old), this study analyzes teenagers’ expectations and desires about marriage, having children, and becoming unwed parents. The study is the first to examine all six outcomes...

Survey data from Bulgaria show that people who had experienced a loss during a banking crisisare significantly more likely to expect a new crisis. This result holds despite 12 years betweenthe earlier crisis and the survey, and the dramatically improved performance of the financialsector and the...