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Wie "ticken" Kleinanleger auf dem Finanzmarkt? Einblicke in ein qualitatives Forschungsprojekt

Walter, Michael; Welbers, Lydia - In: Vierteljahrshefte zur Wirtschaftsforschung 86 (2017) 4, pp. 67-82

Die Situation von Kleinanlegern* auf dem Finanzmarkt ist in Deutschland weitgehend unerforscht. Mit Blick darauf beleuchtet der folgende Beitrag auf Grundlage der Ergebnisse eines qualitativen soziologischen Forschungsprojekts drei wesentliche Dimensionen ihrer Anlagepraxis. Es geht erstens um...

Persistent link: https://www.econbiz.de/10012112440

The evolution of networks and local public good provision: A potential approach

Kinateder, Markus; Merlino, Luca Paolo - In: Games 12 (2021) 3, pp. 1-12

In this paper, we propose a game in which each player decides with whom to establish a costly connection and how much local public good is provided when benefits are shared among neighbors. We show that, when agents are homogeneous, Nash equilibrium networks are nested split graphs....

Persistent link: https://www.econbiz.de/10013200117

Search, choice, and revealed preference

Caplin, Andrew; Dean, Mark - In: Theoretical Economics 6 (2011) 1, pp. 19-48

With complete information, choice of one option over another conveys preference. Yet when search is incomplete, this is not necessarily the case. It may instead reflect unawareness that a superior alternative was available. To separate these phenomena, we consider non-standard data on the...

Persistent link: https://www.econbiz.de/10011599437

Preference discovery and experimentation

Cooke, Kevin - In: Theoretical Economics 12 (2017) 3, pp. 1307-1348

I provide axiomatic foundations for a model of taste uncertainty with endogenous learning through consumption. In this setting, uncertainty is over an unobservable, subjective state space. Preference over lottery-menu pairs is sufficient to identify the state space and the learning process. In...

Persistent link: https://www.econbiz.de/10012010014

Twisting the truth: Foundations of wishful thinking

Kovach, Matthew - In: Theoretical Economics 15 (2020) 3, pp. 989-1022

Considerable evidence shows that people have optimistic beliefs about future outcomes. I present an axiomatic model of wishful thinking (WT), in which an endowed alternative, or status quo, influences the agent's beliefs over states and thus induces such optimism. I introduce a behavioral axiom...

Persistent link: https://www.econbiz.de/10013188993

Verbraucherberatung in Verbraucherzentralen: Orientierung an den Interessen der Verbraucher und Instrument zur Weiterentwicklung der Verbraucherpolitik

Benner, Eckhard; Weiser, Beate - In: Vierteljahrshefte zur Wirtschaftsforschung 78 (2009) 3, pp. 144-159

Das verbraucherpolitische Instrument Verbraucherberatung soll die asymmetrische Informationsverteilung zwischen Verbrauchern und Unternehmen abbauen und Vertrauen in Märkte schaffen. Bei dieser Aufgabenstellung wird vernachlässigt, dass Verbraucherberatung selbst durch die asymmetrische...

Persistent link: https://www.econbiz.de/10010377897

List-rationalizable choice

Yıldız, Kemal - In: Theoretical Economics 11 (2016) 2, pp. 587-599

A choice function is \textit{list rational(izable)}, if there is a fixed \textit{list} such that for each \textit …{choice set}, successive comparison of the alternatives by following the \textit{list} retrieves the chosen alternative. We extend … the formulation of list rationality to stochastic choice setup. We say two alternatives are related if the \textit …

Persistent link: https://www.econbiz.de/10011599578

Two-stage threshold representations

Manzini, Paola; Tyson, Christopher J.; Mariotti, Marco - In: Theoretical Economics 8 (2013) 3, pp. 875-882

We study two-stage choice procedures in which the decision maker first preselects the alternatives whose values according to a criterion pass a menu-dependent threshold, and then maximizes a second criterion to narrow the selection further. This framework overlaps with several existing models...

Persistent link: https://www.econbiz.de/10011599502

Transmission channels of the global economic crisis: Micro evidence for Macedonia

Jovanovikj, Biljana; Georgievska, Ljupka - In: Journal of Contemporary Economic and Business Issues 2 (2015) 1, pp. 5-20

The 2008-2009 global recession, which originated in developed economies, has rapidly spilled over worldwide, hitting different economies with various intensity. The Macedonian economy was not an exception - the export sector suffered heavily, expectations deteriorated and household consumption...

Persistent link: https://www.econbiz.de/10011557591

A model of choice from lists

Rubinstein, Ariel; Salant, Yuval - In: Theoretical Economics 1 (2006) 1, pp. 3-17

contrast, we analyze a choice model in which the decision maker encounters the alternatives in the form of a <i>list</i>. We … choice functions from lists that involve the choice of either the first or the last optimal alternative in the list according …

Persistent link: https://www.econbiz.de/10011599363

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