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experts like community organizers and police experts, who link the market responses to reforms, not budget cuts. An experiment …
Persistent link: https://www.econbiz.de/10014436988
We report the results of an experiment designed to study the determinants of asset price movement and consumption …
Persistent link: https://www.econbiz.de/10012990999
Asset market bubbles and crashes are a major source of economic instability and inefficiency. Sometimes ascribed to animal spirits or irrational exuberance, their source remains imperfectly understood. Experimental methods can isolate systematic deviations from an asset's fundamental value in a...
Persistent link: https://www.econbiz.de/10012917090
Asset market bubbles and crashes are a major source of economic instability and inefficiency. Sometimes ascribed to animal spirits or irrational exuberance, their source remains imperfectly understood. Experimental methods can isolate systematic deviations from an asset's fundamental value in a...
Persistent link: https://www.econbiz.de/10011870688
Persistent link: https://www.econbiz.de/10001198913
Persistent link: https://www.econbiz.de/10001102706
In this paper, we use event studies to estimate the effects of changes to a public firm's board of trustees on stock returns. The goal is to determine whether the gender of an incoming board member is perceived differently by investors. Scholarly findings on gender and leadership have been mixed...
Persistent link: https://www.econbiz.de/10012889129
This paper examines how the stock market affects discrimination in mortgage lending. Comparing banks that went public …
Persistent link: https://www.econbiz.de/10012862103
This working paper presents the general theory of the higher order "skew lognormal cascade distribution" as a … market index, and the market entropy of the stock market. Such study in the context of stochastic portfolio theory reveals … distribution, which is the lognormal cascade equation in our theory. This shows that the fluctuations of the market index are a …
Persistent link: https://www.econbiz.de/10013159227
We combine general equilibrium theory and théorie générale of stochastic processes to derive structural results about … equilibrium state prices. -- General equilibrium ; Continuous-time finance ; Théorie générale of stochastic processes ; Asset …
Persistent link: https://www.econbiz.de/10003729456