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The conventional wisdom is (i) that fiscal austerity was the main culprit for the recessions experienced by many countries, especially in Europe, since 2010 and (ii) that this round of fiscal consolidation was much more costly than past ones. The contribution of this paper is a clarification of...
Persistent link: https://www.econbiz.de/10011145403
indeterminate if and only if her confidence in the relevant beliefs does not match up to the stakes involved in the decision. The … author uses the model of confidence in beliefs introduced in Hill (2013), and axiomatise a class of models, differing from …’s confidence from her attitude to choosing in the absence of confidence. The model naturally suggests two possible strategies for …
Persistent link: https://www.econbiz.de/10011147698
someone else, one’s later self, or nature – is for lack of sufficient confidence in the relevant beliefs. This paper develops … information asymmetry, is undertaken, and a simple multi-factor model of deferral – involving both confidence and information … considerations – is formulated. The model suggests that incorporating confidence can account for cases of deferral that traditional …
Persistent link: https://www.econbiz.de/10011147719
advice, and we also investigate a second mode of advice utilization, namely confidence shifts due to social validation … initial opinions, the more it served as a means for social validation, increasing decision-makers' confidence in the accuracy …
Persistent link: https://www.econbiz.de/10011212609
В статье анализируется влияние проблемы доверия на результативность модернизации институтов. Рассматриваются вопросы, связанные с дисменеджментом и...
Persistent link: https://www.econbiz.de/10011218988
Переход к рыночной экономике неизбежно влечет за собой реформирование отношений между организациями. В связи с этим возрастает роль доверия в новых...
Persistent link: https://www.econbiz.de/10011226217
previous research, it is unclear whether this correction process will increase or decrease consumers’ confidence in their … judgments. We find that source credibility moderates the effect of correction on confidence: correction decreases confidence … when a product recommendation comes from a high credibility source but increases confidence when the same message comes …
Persistent link: https://www.econbiz.de/10011014322
This discussion paper resulted in a publication in the <A href="http://onlinelibrary.wiley.com/doi/10.1111/jems.12037/abstract">Journal of Economics & Management Strategy</A>. Organization differ in the degree to which they differentiate employees by ability. We analyse how the effect of differentiation on employee morale may explain this variation. By comparing...</a>
Persistent link: https://www.econbiz.de/10011256805
I examine two competing proposals for reforming and reviving confidence in the international monetary regime. Robert …
Persistent link: https://www.econbiz.de/10011205497
The main purpose of this study is to identify factors influencing customers' decision to select with confidence Islamic … meet their customers' needs and expectations. Gaining customers' confidence is important as banking business is based on … trust and integrity. Hence, as mediating variable, customers' confidence in the way Islamic banking is conducted is …
Persistent link: https://www.econbiz.de/10011207161