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Testing new theories of choice under uncertainty using the common consequence effect

Starmer, Chris - 1989

Persistent link: https://www.econbiz.de/10000767259

Ever since Allais

Dembo, Aluma; Kariv, Shachar; Polisson, Matthew; Quah, … - 2021

Persistent link: https://www.econbiz.de/10012821448

Insurance and decision-taking in Yaari's dual theory

Machnes, Yaffa - 1996

Persistent link: https://www.econbiz.de/10000958017

Decision making under uncertainty : an experimental study in market settings

Echenique, Federico; Imai, Taisuke; Saito, Kota - 2019

We design and implement a novel experimental test of subjective expected utility theory and its generalizations. Our experiments are implemented in the laboratory with a student population, and pushed out through a large-scale panel to a general sample of the US population. We find that a...

Persistent link: https://www.econbiz.de/10012126236

Tenure choice : fundamentals and a simulation

Furtado, Bernardo Alves; Souza, João Gabriel de Moraes - 2020

Real estate markets are subject to dynamic, ever-changing influences from location, amenities and neighborhoods; regulation, zoning and population changes; but also - macroeconomic variables, such as interest rates, inflation and economic cycles. The decision to buy or rent a durable,...

Persistent link: https://www.econbiz.de/10012233003

Robust decision-making under risk and ambiguity

Blesch, Maximilian; Eisenhauer, Philipp - 2023

Economists often estimate economic models on data and use the point estimates as a stand-in for the truth when studying the model’s implications for optimal decision-making. This practice ignores model ambiguity, exposes the decision problem to misspecification, and ultimately leads to...

Persistent link: https://www.econbiz.de/10014487318

Internal digitalization and tax-efficient decision making

Klein, Daniel; Ludwig, Christopher; Nicolay, Katharina - 2020

Our study investigates firms' internal digitalizationas a crucial foundation for timely, data-driven decision making. We evaluate the association between digital infrastructure and improved decision making intax planning decisions to analyze if the benefits of digitalization expand beyond firms'...

Persistent link: https://www.econbiz.de/10012299379

Current account deficits during heightened risk : menacing or mitigating?

Forbes, Kristin; Hjortsoe, Ida; Nenova, Tsvetelina - 2016

's vulnerability to periods of heightened risk and uncertainty. This paper develops a framework to evaluate such vulnerabilities. It … and explore how they are affected by domestic and global risk. We apply this framework to ten OECD economies, showing the … Kingdom, show that a substantial degree of international risk sharing can occur through current accounts and international …

Persistent link: https://www.econbiz.de/10011477292

Risk, time pressure, and selection effects

Kocher, Martin; Schindler, David; Trautmann, Stefan T.; … - 2018

Time pressure is a central aspect of economic decision making nowadays. It is therefore natural to ask how time pressure affects decisions, and how to detect individual heterogeneity in the ability to successfully cope with time pressure. In the context of risky decisions, we ask whether a...

Persistent link: https://www.econbiz.de/10011899690

Taming overconfident CEOs through stricter financial regulation

Kassner, Bernhard - 2023

A large body of literature finds that managerial overconfidence increases risk-taking by financial institutions. This … paper shows that financial regulation can be effective at mitigating this type of risk. Exploiting regulatory changes … introduced after the financial crisis as a natural experiment, I find that overconfidence-induced risk-taking decreases in …

Persistent link: https://www.econbiz.de/10014477386