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Credit card transactions cost American merchants six times as much as cash transactions. Why, then, do consumers pay the same price for purchases, regardless of the means of payment?The answer lies in a set of credit card network rules known as merchant restraints. Merchant restraints forbid...
Persistent link: https://www.econbiz.de/10009466414
This dissertation exploits variation in tax policies in order to better understand the incentive effects of taxation on individual and firm behavior. The results presented herein are intended to inform policy debates in the two areas examined--property and multinational taxation--as well as the...
Persistent link: https://www.econbiz.de/10009476658
This study investigates the influence of past volatility on individual investors' forecasting behavior. We conducted two experiments in which we used real stock prices to construct low- and high-volatility time series, and asked participants to make both point estimates and interval forecasts of...
Persistent link: https://www.econbiz.de/10009440694
-causes volatility without feedback. These results are broadly consistent with behavioral models like the overconfidence and biased self …
Persistent link: https://www.econbiz.de/10009448126
Persönlichkeitsmerkmale Overconfidence und Optimismus von Führungskräften auf ihre Kapitalstrukturentscheidungen wird empirisch untersucht …). Demnach wählen Manager mit Overconfidence und Optimismus höhere Fremdkapitalquoten und kürzere Fristigkeiten. Sie beschränken … bestätigen den Einfluss von Overconfidence von Finanzvorständen auf ihre Kapitalstrukturentscheidungen. Die Overconfidence des …
Persistent link: https://www.econbiz.de/10009467404
as miscalibration and better-than-average (BTA) effect in farmers’perceptions, and related these biases to the …
Persistent link: https://www.econbiz.de/10009477925
This doctoral thesis investigates the influence of overconfidence on the outcomes in experimental asset markets, both … that is later used in economic experiments to measure subjects’ overconfidence. The second part investigates the role of … market overconfidence in the occurrence of bubbles in asset prices and the emergence of other stylized facts of financial …
Persistent link: https://www.econbiz.de/10009428972