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Adaptive Interactive Profit Expectations and Small World Networks
Bell, William Paul - Volkswirtschaftliche Fakultät, … - 2008
builds upon adaptive expectations, interactive expectations and small world networks, combining them into a single adaptive …The aim of this paper is to simulate profit expectations as an emergent property using an agent based model. The paper … interactive profit expectations model (AIE). Understanding the diffusion of interactive expectations is aided by using a network …
Persistent link: https://www.econbiz.de/10011259382
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Rational and Biased Trust
Barr, Abigail - Centre for the Study of African Economies (CSAE), … - 2004
This paper investigates whether expectations of trustworthiness and resulting acts of trust accord with an objective …
Persistent link: https://www.econbiz.de/10009642445
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Rational and Biased Trust
Barr, Abigail - Department of Economics, Oxford University - 2004
This paper investigates whether expectations of trustworthiness and resulting acts of trust accord with an objective …
Persistent link: https://www.econbiz.de/10010604856
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Adaptive Interactive Profit Expectations and Small World Networks
Bell, William Paul - Volkswirtschaftliche Fakultät, … - 2008
builds upon adaptive expectations, interactive expectations and small world networks, combining them into a single adaptive …The aim of this paper is to simulate profit expectations as an emergent property using an agent based model. The paper … interactive profit expectations model (AIE). Understanding the diffusion of interactive expectations is aided by using a network …
Persistent link: https://www.econbiz.de/10010601616
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Social Welfare Issues of Financial Literacy
Satchell, S.; Williams, O.J. - Faculty of Economics, University of Cambridge - 2010
In the matter of financial literacy it is often supposed that more is automatically preferable to less. This paper considers to what extent this may be true generally, and specifically focuses on the case of investment forecasting skill (a significant component of an individual's financial...
Persistent link: https://www.econbiz.de/10008490341
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Groupthink: Collective Delusions in Organizations and Markets
Benabou, Roland - Institute for the Study of Labor (IZA) - 2013
This paper investigates collective denial and willful blindness in groups, organizations and markets. Agents with anticipatory preferences, linked through an interaction structure, choose how to interpret and recall public signals about future prospects. Wishful thinking (denial of bad news) is...
Persistent link: https://www.econbiz.de/10010704406
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The Impact of Memories of High Inflation on Households’ Trust in Currencies
Beckmann, Elisabeth; Scheiber, Thomas - In: Focus on European Economic Integration (2012) 4, pp. 80-93
Many Central, Eastern and Southeastern European (CESEE) economies experienced periods of hyperinflation during transition. Given the importance of trust for households’ financial decision making, we analyze how memories of high inflation influence people’s trust in currencies. Individuals...
Persistent link: https://www.econbiz.de/10010818120
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Сучасні моделі фінансових криз
Petrushchak, Bohdan - Volkswirtschaftliche Fakultät, … - 2010
The theoretical aspects of three generation of financial crisis’ models are analyzed. On the basis of retrospective analysis of these models are determined the main causes than make the economic misbalance more profound and than cause a crisis. Проаналізовано теоретичні...
Persistent link: https://www.econbiz.de/10008927055
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Fragments on black swan: money, credit and finance in The Arcades Project of Walter Benjamin
Estrada, Fernando - Volkswirtschaftliche Fakultät, … - 2010
The main objective of this paper is to present a reading of The Arcades Project by Walter Benjamin in the context of the financial crisis, in particular, reflect from a few fragments of Benjamin's work appear to lie around a Black Swan. The recovery of the fragments of The Arcades seems...
Persistent link: https://www.econbiz.de/10008622248
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Pre-Crisis and Post-Crisis Trust in Banks: Lessons from Transitional Countries
Afandi, Elvin; Habibov, Nazim - Volkswirtschaftliche Fakultät, … - 2013
Trust in banks appears to be an essential element of well-functioning of macroeconomic systems, in general, and of financial markets, in particular. We study what factors determine the level of trust in banks before and after the 2007-08 financial crisis and how this crisis reshaped banking...
Persistent link: https://www.econbiz.de/10011259532