standard and international trade. The estimation results allow us to formulate some interesting policy conclusions. …

), aggregation method (average versus weighted by money, a proxy for confidence), and incentive (not incentive compatible versus … respondents to state their confidence, using my method, which induces the respondents to reveal confidence, there is a sizable and … statically significant positive relationship between confidence and the accuracy of individual-level expectations. This positive …

lifestyle characteristics were found less useful in explainingthe propensity to choose an adaptive response. Estimation results …), and outcome confidence (Zakay and Tsal 1993), since perceived ambiguity regardingthe effectiveness of the novel health …

management confidence. In a unique sample of US firms that have existed for over 25 years we find management confidence, as … management confidence is higher firms have higher levels of debt. This result is robust to different definitions of leverage and … confidence as well as different model specifications. This confirms the theoretical arguments in behavioural finance that …

trading patterns are strictly decreasing in agents' confidence in private signals. Interestingly, social communication can ….Chapter 3 develops a multi-period market model to examine the evolution of risk averse agents' confidence degrees in learning …