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achieve research goals. Hence reviewers and editors should not reject a manuscript on the basis of potential non-response bias …
Persistent link: https://www.econbiz.de/10005869968
A growing number of studies in finance decompose multi-period buy-and-hold portfolioreturns into a series of single period returns. The method used to decomposethese returns is important because researchers use them in tests of asset pricing modelsand market efficiency and in evaluating the...
Persistent link: https://www.econbiz.de/10005869998
simultaneously after consideration by a reviewer with a known level of bias. Consumers observe the reviewer`s decision and a private …
Persistent link: https://www.econbiz.de/10005870206
based on present bias. For such individuals, more frequentrepayment can increase the maximum incentive compatible loan size …
Persistent link: https://www.econbiz.de/10008860716
In a large-scale laboratory experiment, we investigate whether subjects’ scores on the cognitivereflection test (CRT) are related to their susceptibility to the base rate fallacy, the conservatismbias, overconfidence, and the endowment eect.
Persistent link: https://www.econbiz.de/10009302658
We empirically investigate possible distortions in subjective performance evaluations. A keyhypothesis is that evaluations are more upward biased the closer the social ties betweensupervisor and appraised employee. We test this hypothesis with a company data set from acall center organization...
Persistent link: https://www.econbiz.de/10009354149
We use a simple, three-item test for cognitive abilities to investigate whether established behavioral biases that play a prominent role in behavioral economics and finance are related to cognitive abilities...
Persistent link: https://www.econbiz.de/10005859698
correlation with stocks and bond markets. Whenevaluating using the Markowitz portfolio selection theory, hedge funds appear … tooffer a remarkable opportunity. Yet use of the Markowitz theory neglects three importantqualities of hedge funds: the … existence of significant autocorrelation, bias,and fat tails. Each of these three issues has been studied individually, but no …
Persistent link: https://www.econbiz.de/10005861558
In the recent decade, capital outows from emerging economies, in the form of a demandfor liquid assets, have played a key role in the context of global imbalances. In this paper,we model the demand for liquid assets by rms in a dynamic open-economy macroeconomicmodel. We nd that the implications...
Persistent link: https://www.econbiz.de/10009486821
Paradoxically, high-investment and high-growth developing countries tend toexperience capital outows. This paper shows that this allocation puzzle can beexplained simply by introducing uninsurable idiosyncratic investment risk in theneoclassical growth model. Using a sample of 67 countries...
Persistent link: https://www.econbiz.de/10009522188