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, subjective norms, and perceived behavioural control predicting intention.and beliefs underpinning the latter. It is these beliefs … that facilitate behaviour change. This paper presents research that elicited the beliefs of young drivers using two … years. Interviews were conducted using open questioning to determine young drivers' beliefs about the risks of driving. In …
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The agent-based (behavioural) model is extended to include a financial friction on the supply side. Firms finance capital purchases using external financing, but need to pay for it in advance. In addition, firm financing constraint and net worth are determined by stock market prices, which can...
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and treat correlated information as independent. In consequence, people s beliefs are excessively sensitive to well …-conncected information sources, implying a pattern of overshooting beliefs. Additionally, in an experimental asset market, correlation …
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. 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 …
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