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This is an outline of the origins and development of the way computability theory was incorporated into formal economic theory. I try to place in the context of the development of computable economics, some of the classics of the subject as well as those that have, from time to time, been...
Persistent link: https://www.econbiz.de/10010691592
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We experimentally investigate imitation in investment choices and focus on cognitive aspects of decision making. At this aim, we manipulate three main dimensions of choice: time pressure, normative content of social information, and uncertainty of the investment. We document the existence of...
Persistent link: https://www.econbiz.de/10010696544
This study examines the extent to which Italian banks use credit derivatives (CD), whether there are differences between users and nonusers, and the underlying motivations for the use of CD. The results show that a limited number of credit institutions use CD, and that this usage varies over...
Persistent link: https://www.econbiz.de/10010639499
We consider the family of multi-argument functions called multidistances, which capture the idea of distance for collections of more than two points in a metric space. Usually multidistances are defined among crisp objects. In this note we propose a multidistance defined among fuzzy numbers...
Persistent link: https://www.econbiz.de/10010639500
The current large current account imbalances in the Euro zone reflect persistent diverging trends between the core and the peripheral countries, which were paradoxically reinforced by the very same introduction of the Euro. The reduction in the credit spreads and the increase in capital flows...
Persistent link: https://www.econbiz.de/10010639501
This paper reports the results of experiments designed to test whether individuals interacting on Facebook are more likely to succumb to the conjunction fallacy when they post their answers publicly and are exposed to the answers of others. Using the experimental design in Kahneman and Tversky...
Persistent link: https://www.econbiz.de/10010652497
This paper develops a network model of a stylized banking system in which banks are connected to one another through interbank claims, which allows us to study the diffusion of default avalanches triggered by an exogenous shock under a number of different assumptions on the degree of...
Persistent link: https://www.econbiz.de/10010709566
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Persistent link: https://www.econbiz.de/10010709567
Level-k and team reasoning theories, among others, have been used to explain experimental evidence on coordination games. Both theories succeed in explaining some results and both fail in explaining other results. Sometimes it is impossible to discriminate between them. For this reason we...
Persistent link: https://www.econbiz.de/10010712521