This study analyzes investors' perception of placebic information and its impact on stock price estimates. We initiate a questionnaire-based stock price forecast competition among 196 undergraduate students in business administration. We show that placebic information increases the perceived...

In order to discuss the future direction of policy making for protecting children online, this paper discusses the effectiveness of protection policies based on libertarian paternalism from the standpoint of behavioral economics by referring to the efforts of the Kariya authorities, Aichi...

Studies find that in time of crisis such as natural disasters, in most cases, people in crowds are capable to remain calm and to help each other. Referred as 'collective resilience', this capability can increase a society's capacity to withstand crises and disasters. Therefore, for both academia...