Showing 1 - 10 of 217
Persistent link: https://www.econbiz.de/10012622173
Persistent link: https://www.econbiz.de/10013369290
Persistent link: https://www.econbiz.de/10009488979
Persistent link: https://www.econbiz.de/10011374715
Persistent link: https://www.econbiz.de/10010345584
Persistent link: https://www.econbiz.de/10011532881
. Underlying their measures of uncertainty is the hypothesis that an increase in uncertainty leads to lower consumption by …The Global Crisis demonstrated to the world that Ratings Agencies had misled the public about the stability of … surge in the stock market would be self-correcting. Recent papers have discussed the role of "uncertainty" and its …
Persistent link: https://www.econbiz.de/10011543578
Persistent link: https://www.econbiz.de/10011516463
We propose a model of instrumental belief choice under loss aversion. When new information arrives, an agent is … posteriors lead to larger utility than the prior. In choosing her belief, the agent optimally trades off these psychological … gains and losses against the belief's objective performance. Consistent with empirical evidence, belief updating in this …
Persistent link: https://www.econbiz.de/10011557745
mixed. To better understand the unique behavioral characteristics of entrepreneurs and the causes of these mixed results, we … perform a large "lab-in-the-field" experiment comparing entrepreneurs to managers - a suitable comparison group - and … employees (n = 2288). The results indicate that entrepreneurs perceive themselves as less risk averse than managers and …
Persistent link: https://www.econbiz.de/10010415523