In this paper, we attempt to shed light on whether Japanese households are rational or if their behavior is influenced by culture and social norms by examining their saving and bequest behavior. To summarize our main findings, we find that Japan's household saving rate showed great volatility,...

This paper examines the impact of venture capitalists' reputation building and experience accumulation on the genesis of venture capital markets. Venture capitalists must accumulate experience to successfully support high-technology enterprises. They must build reputation, i.e., a track record...

his paper examines the impact of venture capitalists' reputation building and experience accumulation on the genesis of venture capital markets. Venture capitalists must accumulate experience to successfully support high-technology enterprises. They must build reputation, i.e., a track record...

Der Autor versucht wirtschafftwissenschaftliches Denken auf unseren Alltag anzuwenden, um zu verstehen, warum Menschen bestimmte Dinge tun und was ihnen als nächstes einfällt. Er möchte den verborgenen Plan enthüllen, der dem menschlichen Verhalten unterliegt. Gleichzeitig versucht Friedmann...