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We experimentally investigated the role of regret and pride in a behavioral anomaly, the disposition effect. First, we used affective forecasting to elicit participants potential feelings in hypothetical investment situations. Then our subjects participated in a two period stock market...
Persistent link: https://www.econbiz.de/10009471597
This dissertation addresses issues in corporate finance. Part I examines the litigationenvironment of a firm and its impact on financial policy. Chapter 1 discusses prior research,including theory and empirical results, related to firm performance, financial policy, andlitigation. It provides...
Persistent link: https://www.econbiz.de/10009429375
Economics
Persistent link: https://www.econbiz.de/10009431954
A pension plan administrator promises certain benefits in the future in exchange for labor today. In order to budget for this expense and create more security for the participant, the administrator uses a pension cost method. Each cost method assigns a portion of the future liability to the...
Persistent link: https://www.econbiz.de/10009456840
Persistent link: https://www.econbiz.de/10011861332
2SPS and 2SRI for logistic binary outcomes have not been thoroughly studied. We study the bias and variance properties … trial. We first present closed form expressions of asymptotic bias for the causal odds ratio from both 2SPS and 2SRI … approaches. Our closed form bias results show that the 2SPS logistic regression generates asymptotically biased estimates of this …
Persistent link: https://www.econbiz.de/10009439053
alternatives can seriously bias the evaluation of consequences in risky high-stakes decisions. …
Persistent link: https://www.econbiz.de/10009441242
alternatives can seriously bias the evaluation of consequences in risky high-stakes decisions. …
Persistent link: https://www.econbiz.de/10009441300
Over the past 30 years, a widely accepted model of "open-access" fisheries has been developed, yet empirical tests of the standard model have been relatively few. One difficulty is that fish stocks, the levels of which affect the rate of catch, are not directly observable. Simplifying...
Persistent link: https://www.econbiz.de/10009444643
Choice Experiments (CE) are increasingly used to estimate the values of environmental goods andservices. CE questionnaires represent the environmental good under valuation by varying levels ofnon-market attributes. Inclusion of a cost attribute enables the estimation of monetary values...
Persistent link: https://www.econbiz.de/10009446025