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Economic Education for Understanding Economic Behavior

Elena, Druica; Viorel, Cornescu; Anca, Bratu - In: Ovidius University Annals, Economic Sciences Series X (2010) 1, pp. 627-632

During the last 20 years, Romania has been passing important social and economic transformations and it is considered today as a developing country aiming to adjust its processes and features to those of UE countries. The significant increase in the number of bachelor programs supplied by...

Persistent link: https://www.econbiz.de/10008855072

Ethical Banks: An Alternative in the Financial Crisis

Simona, Mascu - In: Ovidius University Annals, Economic Sciences Series X (2010) 1, pp. 1680-1684

The goal of this paper is to discuss the issues of ethics, moral hazard and behavior in banking regulation of the global financial system. The paper is focused on the specific characteristics of ethical banks, compared with those of traditional ones, and provides a picture of the extent of this...

Persistent link: https://www.econbiz.de/10008855131

Learning by Doing with Asymmetric Information: Evidence from Prosper.com

Freedman, Seth M.; Jin, Ginger Zhe - National Bureau of Economic Research (NBER) - 2011

Using peer-to-peer (P2P) lending as an example, we show that learning by doing plays an important role in alleviating … the information asymmetry between market players. Although the P2P platform (Prosper.com) discloses part of borrowers …' credit histories, lenders face serious information problems because the market is new and subject to adverse selection …

Persistent link: https://www.econbiz.de/10008855217

Learning, Large Deviations and Rare Events

Benhabib, Jess; Dave, Chetan - National Bureau of Economic Research (NBER) - 2011

We examine the role of generalized constant gain stochastic gradient (SGCG) learning in generating large deviations of …

Persistent link: https://www.econbiz.de/10008855515

The Diversity of Concentrated Prescribing Behavior: An Application to Antipsychotics

Gibbons, Robert; Taub, Anna A. Levine; Kolotilin, Anton; … - National Bureau of Economic Research (NBER) - 2011

of physician learning that generates a number of hypotheses. Using 2007 annual antipsychotic prescribing behavior on 17 …

Persistent link: https://www.econbiz.de/10008855519

“Fire Sales” in housing market: is the house-searching process similar to a theme park visit?

Leung, Charles Ka Yui; Zhang, Jun - Volkswirtschaftliche Fakultät, … - 2011

Three striking empirical regularities have been repeatedly reported: the positive correlation between housing prices and trading volume, between housing price and the time-on-the-market (TOM), and the existence of price dispersion. This short paper provides perhaps the first unifying framework...

Persistent link: https://www.econbiz.de/10008855539

Not so cheap talk: Costly and discrete communication

Hertel, Johanna; Smith, John - Volkswirtschaftliche Fakultät, … - 2011

We model an interaction between an informed sender and an uninformed receiver. As in the classic cheap talk setup, the informed player sends a message to an uninformed receiver who is to take an action which affects the payoffs of both players. However, in our model the sender can communicate...

Persistent link: https://www.econbiz.de/10008855821

Meaningful talk

Streb, Jorge M.; Torrens, Gustavo - Universidad del CEMA - 2011

We incorporate semiotics into economic theory, modeling communication with an encoding-decoding step where the sender transmits a message that the receiver can understand if and only if a common natural language is used. We add an inferential step where the receiver may either believe the...

Persistent link: https://www.econbiz.de/10008855824

Search Costs in Consumer Product Choice: Does Delaying the Provision of Information increase Choice Efficiency?

Sonntag, Axel - School of Economics, University of East Anglia - 2013

information an unfortunate reality. However, little attention has been paid to analyzing the effects of delayed provision of … information on product choice behavior. In this article, I introduce an information processing model to derive search pattern … predictions and test them in a multi-attribute choice laboratory experiment. Information requested during a search process was not …

Persistent link: https://www.econbiz.de/10010890969

Wall Street and the Housing Bubble

Cheng, Ing-Haw; Raina, Sahil; Xiong, Wei - In: American Economic Review 104 (2014) 9, pp. 2797-2829

We analyze whether mid-level managers in securitized finance were aware of a large-scale housing bubble and a looming crisis in 2004-2006 using their personal home transaction data. We find that the average person in our sample neither timed the market nor were cautious in their home...

Persistent link: https://www.econbiz.de/10010891228