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Crowdsourcing financial information to change spending behavior
D'Acunto, Francesco; Rossi, Alberto G.; Weber, Michael - 2019
We document five effects of providing individuals with crowdsourced spending information about their peers (individuals with similar characteristics) through a FinTech app. First, users who spend more than their peers reduce their spending significantly, whereas users who spend less keep...
Persistent link: https://www.econbiz.de/10012018224
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Crowdsourcing financial information to change spending behavior
D'Acunto, Francesco; Rossi, Alberto; Weber, Michael - 2019
We document five effects of providing individuals with crowdsourced spending information about their peers (individuals with similar characteristics) through a FinTech app. First, users who spend more than their peers reduce their spending significantly, whereas users who spend less keep...
Persistent link: https://www.econbiz.de/10011982228
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A perfectly competitive economy is an economy without welfare relevant endogenous learning
Nyborg, Karine - 2021
endogenous welfare relevant learning is feasible, the economy cannot be perfectly competitive unless identical learning choices … preclude heterogeneous welfare relevant learning decisions. …
Persistent link: https://www.econbiz.de/10012875989
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A perfectly competitive economy is an economy without welfare relevant endogenous learning
Nyborg, Karine - 2021
endogenous welfare relevant learning is feasible, the economy cannot be perfectly competitive unless identical learning choices … preclude heterogeneous welfare relevant learning decisions. …
Persistent link: https://www.econbiz.de/10012520083
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Macroeconomic experiences and risk taking of euro area households
Ampudia, Miguel; Ehrmann, Michael - 2014
This paper studies to what extent the experiences of households shape their willingness to take financial risks. It follows the methodology of Malmendier and Nagel (2011) and applies it to a novel data set on household finances covering euro area households. We show that experienced stock market...
Persistent link: https://www.econbiz.de/10011605697
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Life-Cycle Asset Allocation with Ambiguity Aversion and Learning
Peijnenburg, Kim - 2016
Ambiguity and learning about the equity premium can simultaneously explain the low fraction of financial wealth …
Persistent link: https://www.econbiz.de/10013008689
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A Model of Non-Belief in the Law of Large Numbers
Raymond, Collin; Benjamin, Daniel J.; Rabin, Matthew - Department of Economics, Oxford University - 2013
People believe that, even in very large samples, proportions of binary signals might depart significantly from the population mean.  We model this "non-belief in the Law of Large Numbers" by assuming that a person believes that proportions in any given sample might be determined by a rate...
Persistent link: https://www.econbiz.de/10011004478
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Learning, as a wonder weapon of endogenous growth?
Mihályi, Péter - 2017
This extended book review of Creating a Learning Society by Joseph Stiglitz and Bruce Greenwald (2014) looks at the 700 … "learning by doing", the authors throw away the doctrines of free trade, liberalization of capital, as well as the …-wide learning. In the opinion of the present author, Stiglitz and his co-author are using the term "learning" in such a broad sense …
Persistent link: https://www.econbiz.de/10011944924
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Learning, as a wonder weapon of endogenous growth?
Mihályi, Péter - 2017
This extended book review of Creating a Learning Society by Joseph Stiglitz and Bruce Greenwald (2014) looks at the 700 … "learning by doing", the authors throw away the doctrines of free trade, liberalization of capital, as well as the …-wide learning. In the opinion of the present author, Stiglitz and his co-author are using the term "learning" in such a broad sense …
Persistent link: https://www.econbiz.de/10011757523
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Past success and present overconfidence
Novarese, Marco - Volkswirtschaftliche Fakultät, … - 2009
According to a wide literature persons are not able to evaluate their own skills and knowledge, but the discussion on the nature, extension and determinants of this phenomenon is still open. This paper aims at proposing new empirical evidence on overconfidence and its determinants, trying to...
Persistent link: https://www.econbiz.de/10005623439