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Presented is the formulation for determining the exact, expected growth-optimal fraction of equity to risk for all conditions, rather than merely the asymptotic growth-optimal fraction. The formulation presented represents the surface in the leverage space manifold, wherein the loci at the peak...
Persistent link: https://www.econbiz.de/10012904410
Whether or not there are gender differences in altruistic behaviour in Dictator Game experiments has attracted considerable attention in recent years. Earlier studies found women to be more altruistic than men. However, this conclusion has been challenged by more recent accounts, which have...
Persistent link: https://www.econbiz.de/10012936008
We examine whether the desire for more information is people's dominant motive for reading economic and political news … experimentally vary people's beliefs about the informativeness of news. Inconsistent with the desire for more information being the … information reduce their demand for news from this newspaper. Furthermore, treated respondents who think that a news outlet is …
Persistent link: https://www.econbiz.de/10012156434
What motivates individuals to participate in social activism? Do awareness campaigns and information about others … combat health sector fraud during the COVID-19 pandemic. In different treatment groups, we either provide information about … the three forms of activism. Providing information and correcting downward biased beliefs about others increases petition …
Persistent link: https://www.econbiz.de/10014325842
Using a randomized information experiment embedded in a representative survey, we study households' economic … happening in the economy shortly after the pandemic outbreak. Households that receive information on experts' views on the … holds for households that receive information on major monetary and fiscal stimulus measures announced in response to the …
Persistent link: https://www.econbiz.de/10015205429
Using belief elicitation, the paper investigates the formation and the evolution of beliefs in a signalling game in which a common prior on Sender's type is not induced. Beliefs are elicited about the type of the Sender and about the strategies of the players. The experimental subjects often...
Persistent link: https://www.econbiz.de/10009535526
This chapter provides a survey of the recent work on learning in the context of macroeconomics. Learning has several … roles. First, it provides a boundedly rational model of how rational expectations can be achieved. Secondly, learning acts … as a selection device in models with multiple REE (rational expectations equilibria). Third, the learning dynamics …
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