Behavioral studies show that people are subject to biases in general. Studies in the behavioral finance literature mostly focus on finance professionals and top level managers, and report similar results. This study focuses on professionals outside of the finance industry and who are of lower...

This survey addresses the question of whether strong legal enforcement crowds out or in the amount of trust in a society. The author reviews the empirical studies in the literature on macroeconomics, inter-firm cooperation and laboratory experiments, finding that mandatory legal rules,...

This paper provides review for which demonstrates the links between politics and banking. In addition to the perspective in , several recent studies relating to financial crisis are also introduced here. Issues about illiquidity, insolvency, credit boom, accuracy of credit rating, and neglected...

The authors paid attention to an unethical behavior motivated by the economic incentive or the pursuit of efficiency. When facing a situation under which one must weigh the ethics of safety rule and the efficiency (economic aspect) in the balance, it is difficult to recognize the unethical...

An impressive body of research has documented that movement in stock prices are highly sensitive to changes in the macroeconomic variables of an economy. Past empirical studies have examined this relationship across different stock markets by either outlining the influence of only domestic...

This paper tests empirically four models of bounded rationality using data from first responses in a Cournot duopoly experiment. Specifically, the models considered are Level-k, Quantal Response Equilibrium, Noisy Introspection and Logit Cognitive Hierarchy. It is found that the Level-k model...