Kiss, Hubert János; Rodriguez-Lara, Ismael; … - Közgazdaság-tudományi Intézet, Közgazdaság- és … - 2014
We assess the impact of cognitive abilities on withdrawal decisions in a bank-run game. In our setup, depositors choose sequentially between withdrawing or keeping their funds deposited in a common bank. They may observe previous decisions depending on the information structure. Theoretically,...