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We propose a simple measure of investor sophistication based on financial statement experience derived from publicly available EDGAR log data about accounting information acquisition activity. This approach allows us to provide unique empirical evidence for the existence of attention induced...
Persistent link: https://www.econbiz.de/10013236779
We study the role of information about the multiplier in a finitely repeated investment game. A high multiplier increases the reputational incentives of a trustee, leading to more repayments. Our perfect Bayesian equilibrium analysis shows that if the trustee is privately informed about the...
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We study equilibrium reporting behavior in Fischbacher and Föllmi-Heusi (2013)-type cheating games when agents have a fixed cost of lying and image concerns not to be perceived as a liar. We show that equilibria naturally arise in which agents with low costs of lying randomize among a set of...
Persistent link: https://www.econbiz.de/10012902152
We study equilibrium reporting behavior in Fischbacher and Föllmi-Heusi (2013) type cheating games when agents have a fixed cost of lying and image concerns not to be perceived as a liar. We show that equilibria naturally arise in which agents with low costs of lying randomize among a set of...
Persistent link: https://www.econbiz.de/10011603130
assessments. We investigate this theory in the lab, using treatments with and without reputation concerns and with and without … their assessments less dependent on actual decisions and statements. With or without reputation concerns, for the majority …
Persistent link: https://www.econbiz.de/10011895939
We investigate the influence of self and social image concerns as potential sources of lying costs. In a standard die-rolling experiment, we exogenously manipulate self-awareness and observability, which mediate the focus of a person on their private and public selves, respectively. First, we...
Persistent link: https://www.econbiz.de/10012256075
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Status and reputation concerns are conjectured to be important especially in markets with information asymmetries … between buyers and sellers, such as in credence goods markets. To investigate the effects of status and reputation on …-mail requests to insurance brokers asking for an appointment. We find that status nudging and, with a larger effect size, reputation …
Persistent link: https://www.econbiz.de/10012130122
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