Showing 129,171 - 129,180 of 130,093
Some theories predict that exchange rate bubbles should deflate faster than they inflate. We find no empirical support for this hypothesis for currencies that floated against the US dollar. The bursting of exchange rate bubbles is not analogous to collapses in the prices of financial assets....
Persistent link: https://www.econbiz.de/10008563199
In most firms, managers periodically assess workers' performance. Evidence suggests that managers withhold information during these reviews, and some observers argue that this necessarily reduces surplus. This paper assesses the validity of this argument when workers have career concerns....
Persistent link: https://www.econbiz.de/10008564763
We survey the literature on the Risk Augmented Mincer equation that seeks to estimate the compensation for uncertainty …
Persistent link: https://www.econbiz.de/10008565192
&P and downward trending Nikkei, are compared. In conclusion, average investor's risk and return ratios improve with horizon …
Persistent link: https://www.econbiz.de/10010896192
Information and Risk in the Medieval Doctrine of Usury during the Thirteenth Century …
Persistent link: https://www.econbiz.de/10010898670
With a market entry game inspired by Camerer and Lovallo (1999), we study the attitudes of junior and senior employees towards strategic uncertainty and competition. Seniors exhibit higher entry rates compared to juniors, especially when the market capacity is not too low or when earnings from...
Persistent link: https://www.econbiz.de/10010899002
attention. They nonetheless constituted an opportunity to introduce a sophisticated analysis of individual decision under risk …. Through various examples, Smith pointed out a risk-seeking attitude, figured out in the paper in terms of inverse stochastic … overestimate the chance of gain, which leads to favor a rank-dependent utility approach within which optimism toward risk can …
Persistent link: https://www.econbiz.de/10010899316
. This study therefore sheds light on the importance of enhancing bank competition to overcome bank risk and strengthen …
Persistent link: https://www.econbiz.de/10010899326
this theorem to explain the well-known problems of utility and decision theories, such as risk aversion, the underweighting …
Persistent link: https://www.econbiz.de/10010899454
unemployment risk. We show that the global effect of uncertainty is negative, except if a sufficiently high risk premium exists. …
Persistent link: https://www.econbiz.de/10010899522