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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
This paper analyzes optimal pricing for information goods underincomplete information, when both unlimited-usage (fixed-fee) pricingand usage-based pricing are feasible and administering usage-basedpricing may involve transaction costs. It is shown that offeringfixed-fee pricing in addition to a...
Persistent link: https://www.econbiz.de/10009435049
Effective Human Resource Development (HRD) has long been recognised as a critical element in overall organisational strategy, and in turn is important to the ongoing sustainability of organisations. In this paper, the importance of effective HRD strategies and interventions are considered,...
Persistent link: https://www.econbiz.de/10009438263
Although IPv6 has been the next generation Internet protocol for nearly 15 years, new evidences indicate that transitioning from IPv4 to IPv6 is about to become a more pressing issue. This paper attempts to quantify if and how such a transition may unfold. The focus is on ``connectivity...
Persistent link: https://www.econbiz.de/10009438895
value and by providing external incentives to peers to share. With regard to the latter finding, we show that without … external incentives, the level of free-riding in peer-to-peer networks will be higher than the socially optimal level, but that …
Persistent link: https://www.econbiz.de/10009441085
incentives for investments consistent with these reserve requirements. …
Persistent link: https://www.econbiz.de/10009441997