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Prominent numbers, indices and ratios in exchange rate determination and financial crashes : in Economists' models, in the field and in the laboratory
Pope, Robin; Selten, Reinhard; Kube, Sebastian; Hagen, … - 2009
laboratory. Third, nominalist heuristics are incompatible with expected utility theory which excludes the evaluation stage, and … are also incompatible with prospect theory which assumes that, while the evaluation stage can involve systematic mistakes … model and identify what is a mistake, and b) decision makers can maximise. However, contrary to prospect theory, in the …
Persistent link: https://www.econbiz.de/10003867227
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The behavioral economics of foreign exchange markets : a psychological view on human expectation formation in foreign exchange markets
Schmidt, Robert - 2006 - 1. Aufl.
Persistent link: https://www.econbiz.de/10003297802
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Personal experiences and expectations about aggregate outcomes
Kuchler, Theresa; Zafar, Basit - 2015
We use novel survey data to estimate how personal experiences affect household expectations about aggregate economic outcomes in housing and labor markets. We exploit variation in locally experienced house prices to show that individuals systematically extrapolate from recent locally experienced...
Persistent link: https://www.econbiz.de/10011348950
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The effect of disaggregate information on the expectation formation of firms
Buchheim, Lukas; Link, Sebastian - 2017
This paper studies a new aspect of firms' expectation formation by asking whether expectations primarily reflect aggregate, industry-wide information (e.g., industry trends) or disaggregate information (e.g., firm-specific information). First, we show that disaggregate information is strongly...
Persistent link: https://www.econbiz.de/10011761559
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The effect of disaggregate information on the expectation formation of firms
Buchheim, Lukas; Link, Sebastian - 2017
This paper studies a new aspect of firms' expectation formation by asking whether expectations primarily reflect aggregate, industry-wide information (e.g., industry trends) or disaggregate information (e.g., firm-specific information). First, we show that disaggregate information is strongly...
Persistent link: https://www.econbiz.de/10011747947
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Bubbles, crashes and information contagion in large-group asset market experiments
Hommes, Cars H.; Kopányi-Peuker, Anita; Sonnemans, Joep - 2019
We experimentally investigate how price expectations are formed in a large asset market where subjects' only task is to forecast the future price of a risky asset. The realized prices depend on these expectations. We observe small (6 participants) and large markets (about 100 participants). In...
Persistent link: https://www.econbiz.de/10011979625
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Self-reported tax compliance in post-transition Estonia
Levenko, Natalia; Stæhr, Karsten - In: Economic systems 47 (2023) 3, pp. 1-18
Persistent link: https://www.econbiz.de/10014391861
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An experiment on the causes of bank run contagions
Chakravarty, Surajeet; Fonseca, Miguel A.; Kaplan, Todd R. - In: European economic review : EER 72 (2014), pp. 39-51
Persistent link: https://www.econbiz.de/10011282089
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An experiment on the causes of bank run contagions
Chakravarty, Surajeet; Fonseca, Miguel A.; Kaplan, Todd R. - 2012
Persistent link: https://www.econbiz.de/10009671145
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Liquidity Requirements and the Interbank Loan Market : An Experimental Investigation (Presentation Slides)
Davis, Douglas D. - 2020
This conference presentation reports on results of an experiment that illustrates costs and benefits of liquidity regulation. These costs and benefits may come out of interbank market equilibrium behavior
Persistent link: https://www.econbiz.de/10012844198