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Purpose: This paper aims to revisit the issue of anchoring effects in real estate markets to consider the current dual-processing theory of mind. Design/methodology/approach: The effects of high and low anchors in a price estimation task are, thus, explained by both Systems 1 and 2 as these...
Persistent link: https://www.econbiz.de/10012069893
Purpose: A recent population-wide study for Germany, where credit lines on current accounts are available to 80 percent of the population, finds that overdraft debt is more likely for people who give intuitive but incorrect answers on a cognitive reflection test. This suggests that those...
Persistent link: https://www.econbiz.de/10012079422
Purpose: The authors observed few sectors with many connections and many sectors with few connections, “in the Brazilian input-output network,” which meant that sectoral idiosyncratic shocks may lead to aggregate fluctuations. Design/methodology/approach: The authors considered the...
Persistent link: https://www.econbiz.de/10012277689