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This paper finds that fund managers do not expect mean reverting returns, as suggested by theory andempirical evidence, but mean averting returns.[...]
Persistent link: https://www.econbiz.de/10005867603
survey of fund managers reveals home bias for these sophisticated investorsin an unrestricted setting. Proximity, perceived informational advantage andhigher expected returns are confirmed as accompanying factors. In addition, thehome bias of equity managers is also related to institutional,...
Persistent link: https://www.econbiz.de/10005867638
The role of electronic marketplaces is to act as an intermediary between supply and demand (Schmid 1993). Using a simplified classification, it is possible to distinguish between two general types of marketplaces on the World Wide Web...
Persistent link: https://www.econbiz.de/10005867774
The fact that an electronic market (EM)belongs to a specific market place operatorresults in specific objectives of itsmarketing. The main question is: How canan operator promote the performance ofhis market place ?The central task of an EM is the coordinationof supply and demand....
Persistent link: https://www.econbiz.de/10005867841
aided by electroniccommunications and information technologies(IT) have apparently become thewave of the future. The ability …
Persistent link: https://www.econbiz.de/10005867845
Informationsmanagement hat den effizienten Einsatz der Ressource Information zum Ziel. Schon immer war der … systematische und effiziente Umgang mit der Ressource Information für Unternehmen eine zentrale Herausforderung. Was sind die … Besonderheiten der Ressource Information, und welche Aspekte der Aufbau- und Ablauforganisation sind für das Informati …
Persistent link: https://www.econbiz.de/10005867894
Extreme adverse selection arises when private information has unboundedsupport, and market breakdown occurs when no … support of private information converges to an unboundedsupport. A necessary and sufficient condition for market breakdown is …
Persistent link: https://www.econbiz.de/10005867928
In games of social learning individuals tend to give too much weight to their own private information relative to the … information that is conveyed by the choices of others. In this paper we investigate differences between individuals and small … groups as decision makers in information cascade situations.[...] …
Persistent link: https://www.econbiz.de/10005868024
and whatis information, are overcome going back to the roots of information andcommunication theory. Information and …-ronment. A creditworthiness problem for consumer credits demonstratesthe performance of information based decision support. Here … the exter-nal information factor, namely the clients' profiles, is transformed intoexpedient or useful information. This …
Persistent link: https://www.econbiz.de/10005868042
Die kognitive Psychologie beschäftigt sich u.a. mit der Frage nach Speicherung inund Abruf von Wissensinhalten aus dem Gedächtnis. Zur Beschreibung der Phänomene werdenkonnektionistische, propositionale und konzeptuelle Ansätze gemacht, die dann empirisch verifiziertwerden. Die vorliegende...
Persistent link: https://www.econbiz.de/10005868048