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Research on "trust" now forms a prominent part of the research agenda in history and the social sciences. Although this … research has generated useful insights, the idea of trust has been used so widely and loosely that it risks creating more … confusion than clarity. This essay argues that to the extent that scholars have a clear idea of what trust actually means, the …
Persistent link: https://www.econbiz.de/10011610585
We examine trust and trustworthiness of individuals with varying professional preferences and experiences. Our subjects … study business and economics in Frankfurt, the financial center of Germany and continental Europe. In the trust game … process. In a prediction game that is strategically equivalent to the trust game, the amount sent by first-movers was …
Persistent link: https://www.econbiz.de/10010958692
We examine the influence of social capital and various prevailing beliefs on household repayment behavior in Europe, after accounting for household-specific characteristics and country differences in institutions. Arrears are more common among households living in regions with dense corruption...
Persistent link: https://www.econbiz.de/10011209603
Research on "trust" now forms a prominent part of the research agenda in history and the social sciences. Although this … research has generated useful insights, the idea of trust has been used so widely and loosely that it risks creating more … confusion than clarity. This essay argues that to the extent that scholars have a clear idea of what trust actually means, the …
Persistent link: https://www.econbiz.de/10005357718
predictions from a formal model, we present evidence that households? trust in financial advice only matters when their perceived …
Persistent link: https://www.econbiz.de/10009276954
Survey data from Bulgaria show that people who had experienced a loss during a banking crisis are significantly more likely to expect a new crisis. This result holds despite 12 years between the earlier crisis and the survey, and the dramatically improved performance of the financial sector and...
Persistent link: https://www.econbiz.de/10008529023
predictions from a formal model, we present evidence that households’ trust in financial advice only matters when their perceived …
Persistent link: https://www.econbiz.de/10011084072
This paper summarizes and highlights different methodological approaches to behavioural economics in the context of the conventional economic wisdom and the implications of these different methodological approaches for financial literacy, related institutional change, and public policy....
Persistent link: https://www.econbiz.de/10010693381
We model the asset-opacity choice of an intermediary subject to rollover risk in wholesale funding markets. Greater opacity means investors form more dispersed beliefs about an intermediary's profitability. The endogenous benefit of opacity is lower fragility when profitability is expected to be...
Persistent link: https://www.econbiz.de/10011564697
In this study I review the main scientific contributions of Minsky and other scholars to the financial instability and crisis issues, and the role of institutions in modeling the medium and long financial and business waves. The topics developed in this paper are the following: the relationships...
Persistent link: https://www.econbiz.de/10011565008