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Social networks, role models, peer effects, and aspirations
Mani, Anandi; Riley, Emma - World Institute for Development Economics Research - 2019
, trading relationships, information on jobs, and new technologies-as well as in intangible ways, such as shaping their beliefs …
Persistent link: https://www.econbiz.de/10012161303
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Presentation Slides for American Finance Association 2020 Presidential Address : Social Transmission Bias in Economics and Finance
Hirshleifer, David A. - 2020
<p>This document contains presentation slides for the American Finance Association's Presidential Address of January 4, 2020. The address is based on the paper "Social Transmission Bias in Economics and Finance."</p><p>The paper: "https://ssrn.com/abstract=3550880" https://ssrn.com/abstract=3550880...</p>
Persistent link: https://www.econbiz.de/10012844892
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Adam Smith, anti-stoic
Bee, Michele; Paganelli, Maria Pia - 2019
Commerce changes the production of wealth in a society as well as its ethics. What is appropriate in a non-commercial society is not necessarily appropriate in a commercial one. Adam Smith criticizes Stoic self-command in commercial societies, rather than embracing it, as is often suggested. He...
Persistent link: https://www.econbiz.de/10011956751
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Structural change and regional employment dynamics
Blien, Uwe; Sanner, Helge - 2006
A casual look at regional unemployment rates reveals that there are vast differences which cannot be explained by different institutional settings. Our paper attempts to trace these differences in the regions' labour market performance back to the regions' specialisation in products that are...
Persistent link: https://www.econbiz.de/10010266785
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Cross-border commuting and migration intentions : the roles of risk aversion and time preference
Nowotny, Klaus - In: Contemporary economics 8 (2014) 2, pp. 137-156
This article analyses the effects of individual risk aversion and time preference on cross-border mobility intentions using a theoretical and empirical model. The paper extends the previous literature by considering both cross-border commuting and migration as modes of mobility. The theoretical...
Persistent link: https://www.econbiz.de/10010406276
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Migration and Informal Insurance
Meghir, Costas - 2019
Do new migration opportunities for rural households change the nature and extent of informal risk sharing? We experimentally document that randomly offering poor rural households subsidies to migrate leads to a 40% improvement in risk sharing in their villages. We explain this finding using a...
Persistent link: https://www.econbiz.de/10012866354
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Migration and Informal Insurance
Meghir, Costas - 2019
Do new migration opportunities for rural households change the nature and extent of informal risk sharing? We experimentally document that randomly offering poor rural households subsidies to migrate leads to a 40% improvement in risk sharing in their villages. We explain this finding using a...
Persistent link: https://www.econbiz.de/10012866724
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Asset pricing under rational learning about rare disasters
Koulovatianos, Christos; Wieland, Volker - 2011 - 1st Version: May 20, 2011, This version: July 28, 2011
. Bayesian learning implies that beliefs about the likelihood of rare disasters drop to a much more pessimistic level once a … disaster has occurred. Such a shift in beliefs can trigger massive declines in price-dividend ratios. Pessimistic beliefs … between rational and adaptive Bayesian learning. Rational learners account for the possibility of future changes in beliefs in …
Persistent link: https://www.econbiz.de/10010387528
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Designing information provision experiments
Haaland, Ingar; Roth, Christopher; Wohlfart, Johannes - 2020
discuss the measurement of subjective beliefs, including the role of incentives and ways to reduce measurement error. We also …
Persistent link: https://www.econbiz.de/10012240454
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The dynamics of heterogeneity and asset prices
Farkas, Walter; Necula, Ciprian - 2017 - This version: 25 April 2017
impact on asset prices. The agents in the economy differ with respect to impatience, risk aversion, beliefs about the growth … rate of output, and to the rules for updating beliefs. The heterogeneity itself is described by a single object, a measure …
Persistent link: https://www.econbiz.de/10011875753