This review article, which was solicited by the Geneva Risk and Insurance Review, surveys work that has been done using an empirical framework for analyzing selection in insurance markets developed by Einav, Finkelstein, and Cullen (2010). We briefly review that framework, and then describe a...

Daten und ihre ökonomischen Auswirkungen durchdringen alle Bereiche der Wirtschaft. Die sogenannte Datenökonomie ist kein neuer Wirtschaftszweig, sondern eher eine ständige Herausforderung für alle Unternehmen, im Rahmen einer neuen Dimension der Wertschöpfung wettbewerbsfähig und...

We provide data and code that successfully reproduces nearly all cross-sectional stock return predictors. Unlike most metastudies, we carefully examine the original papers to determine whether our predictability tests should produce t-stats above 1.96. For the 180 predictors that were clearly...

Daten und ihre ökonomischen Auswirkungen durchdringen alle Bereiche der Wirtschaft. Die sogenannte Datenökonomie ist kein neuer Wirtschaftszweig, sondern eher eine ständige Herausforderung für alle Unternehmen, im Rahmen einer neuen Dimension der Wertschöpfung wettbewerbsfähig und...

We provide data and code that successfully reproduces nearly all crosssectional stock return predictors. Unlike most metastudies, we carefully examine the original papers to determine whether our predictability tests should produce t-stats above 1.96. For the 180 predictors that were clearly...

This paper explores the long-standing empirical fact of increased trading volume around news releases through the lens of canonical models of gradual information diffusion and differences of opinion. I use a unique dataset of clicks on news by key finance professionals to distinguish between...

Durable identification and access to datasets, especially to research datasets, become increasingly important. This is mainly driven by the explosive dataset growth in the current age. Although the Internet was originally founded as a large-scale end-to-end communication platform, in the current...