Showing 1 - 10 of 3,713
Trust is an important driver of economic transactions, but how do people decide whom to trust? We conduct an experiment to investigate whether people are able to predict trustworthiness by judging the face of a stranger. The behavior of the second player in the Trust Game is used as a measure of...
Persistent link: https://www.econbiz.de/10011609452
actions. The resulting decisions may be less, rather than more, risky. Making a decision after acquiring information provides …
Persistent link: https://www.econbiz.de/10003937594
Persistent link: https://www.econbiz.de/10003882560
Consumers often arrive at the point of purchase with a particular product to purchase in mind and must search for this target product in the product display. Drawing on visual crowding theory, we suggest that an individual's ability to find a target product in a display varies according to the...
Persistent link: https://www.econbiz.de/10012295407
normative concern would call for one decision, and another normative concern for a different decision. The decision-maker must … engage in balancing, with no help from overarching normative theory. A typical situation is torts. The decision must … concerns presented on a decision screen. Eye movements show that participants indeed consider multiple normative concerns in …
Persistent link: https://www.econbiz.de/10012153406
Persistent link: https://www.econbiz.de/10012208159
A fund's performance is usually compared to the performance of an index or other funds. If a fund trails the benchmark, the fund manager is often replaced. We argue that this may lead to excessive risk-taking if fund managers differ in ability and have the opportunity to take excessive risk. To...
Persistent link: https://www.econbiz.de/10008757382
We present a model with dynamic investment flows, where fund managers have the ability to generate excess returns and study how forcing them to commit part or all of their personal wealth to the fund they manage affects fund risk taking. We contrast the behavior of a manager that may invest her...
Persistent link: https://www.econbiz.de/10011808018
Recent research developed under the ECB research task force on Monetary Policy, Macroprudential Policy and Financial Stability highlights the existence of trade-offs and spillovers that monetary policy and macroprudential authorities face when deciding on their policy interventions, Monetary...
Persistent link: https://www.econbiz.de/10012822172
Persistent link: https://www.econbiz.de/10001632312