Showing 1 - 10 of 19
), 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 …
Persistent link: https://www.econbiz.de/10009438764
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 …
Persistent link: https://www.econbiz.de/10009451691
RESUMEN: Cuando un producto tiene atributos de confianza que son valorados por los consumidores, el mercado no funciona de forma óptima. Si existen externalidades negativas derivadas del consumo y la producción es eficiente que el gobierno establezca normas sobre las características del...
Persistent link: https://www.econbiz.de/10009444106
), and outcome confidence (Zakay and Tsal 1993), since perceived ambiguity regardingthe effectiveness of the novel health …
Persistent link: https://www.econbiz.de/10009445866
confidence (the drivers traditionally studied in the literature) in the behaviour of investment under such atypical cyclical … negatively to interest rate rises, while enhanced agents’ confidence and greater demand have the opposite effect. •In the absence … agents’ confidence and demand operate with shorter lags. Given these lags, the interest rate increases and the decline in …
Persistent link: https://www.econbiz.de/10014313347
Rationale Against a backdrop of weaker global and euro area activity, in 2023 to date the Spanish economy has shown notable resilience compared with other European economies. This article aims to illustrate some of the factors explaining this greater strength. Takeaways •The differences...
Persistent link: https://www.econbiz.de/10014413127
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 …
Persistent link: https://www.econbiz.de/10009462951
This paper investigates the nature of tax preparers’ confidence, as well as how the introduction of a tax decision … support system (TDSS) affects tax preparers’ confidence levels. Psychological theories of confidence (e.g., Einhorn & Hogarth …, 1978) are drawn upon to develop predictions regarding the role of process (ex-ante) and outcome (ex-post) confidence in tax …
Persistent link: https://www.econbiz.de/10009464010
The concept of trust has recently been rediscovered, especially in the fields of economic sociology and organization theory. Nevertheless, the actual functioning of trust in markets has only been understood incompletely up to now. As this paper argues, one reason for this is that...
Persistent link: https://www.econbiz.de/10009466391
Der Beitrag beruht auf der Vorstellung, dass Vertrauen im Rahmen einer "embedded agency" zu verstehen ist, wobei Vertrauensgeber und -empfänger als Akteure den sozialen Kontext, in den sie eingebettet sind, interpretieren. Sofern dieser Kontext institutionalisiert ist, kann Vertrauen durchaus...
Persistent link: https://www.econbiz.de/10009466392