Purpose: The purpose of this paper is to analyze how response time in a laboratory experiment on bank runs affects withdrawal decisions. Design/methodology/approach: In the authors’ setup, the bank has no fundamental problems, depositors decide sequentially whether to keep the money in the...

We report experimental evidence on the effect of observability of actions on bank runs. We model depositors' decision-making in a sequential framework, with three depositors located at the nodes of a network. Depositors observe the other depositors' actions only if connected by the network....

A distinctive feature of recent revolutions was the key role of social media (e.g. Facebook, Twitter and YouTube). We study the role of social media in mobilization. In a simple model we assume that while social media allow to observe all previous decisions, mass media only give aggregate...

The influential study by Chen (2013) shows that the degree to which languages require future events to be grammatically marked is associated with future-oriented behavior, often referred to as the linguistic-savings hypothesis. Recent studies have attempted to unveil the mechanisms behind this...