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Using sentiment to predict GDP growth and stock returns
Guzman, Giselle C. - 2007
This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them, are relevant to forecasting economic growth and stock returns, and whether they contain information that is orthogonal to macroeconomic and financial data. I examine 16...
Persistent link: https://www.econbiz.de/10015233041
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Economic rationality under cognitive load
Drichoutis, Andreas C.; Nayga, Rodolfo - 2017
that some decision-making quality can be captured by permanent cognitive ability but has not examined how a temporary load … in subjects' working memory can affect economic rationality. In a controlled laboratory experiment, we exogenously vary …
Persistent link: https://www.econbiz.de/10015257323
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Economic rationality under cognitive load
Drichoutis, Andreas C.; Nayga, Rodolfo - 2017
that some decision-making quality can be captured by permanent cognitive ability but has not examined how a temporary load … in subjects' working memory can affect economic rationality. In a controlled laboratory experiment, we exogenously vary …
Persistent link: https://www.econbiz.de/10015257666
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Economic rationality under cognitive load
Drichoutis, Andreas C.; Nayga, Rodolfo - 2017
experiment, we exogenously vary cognitive load by asking subjects to memorize a number while they undertake an induced budget …
Persistent link: https://www.econbiz.de/10015261076
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Consumer theory with bounded rational preferences
Gerasimou, Georgios - 2009
The neoclassical consumer maximizes utility and makes choices by completely preordering the feasible alternatives and weighing when indifferent. The consumer studied in this paper chooses by weighing when indifferent and also when indecisive, without necessarily preordering the alternatives or...
Persistent link: https://www.econbiz.de/10015219093
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Rational indecisive choice
Gerasimou, Georgios - 2010
This paper proposes and characterises two preference-based choice rules that allow the decision maker to choose nothing … rational choice as a special case. The first one explains changes in the magnitude of context effects observed in experiments …
Persistent link: https://www.econbiz.de/10015223438
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Trafficking in drugs and economic theory
Pandey, S.S.D. - 1991
The focus of this study is on black markets which provide an important segment of the parallel economy. These markets operate in disequilibrium,search and information costs become very important.Trafficking in drugs taken as case, to explore both theoretically and empirically. The problem,...
Persistent link: https://www.econbiz.de/10015229963
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Using sentiment to predict GDP growth and stock returns
Guzman, Giselle C. - 2008
This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them, are relevant to forecasting economic growth and stock returns, and whether they contain information that is orthogonal to macroeconomic and financial data. I examine 16...
Persistent link: https://www.econbiz.de/10015230542
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Asymmetric Dominance, Deferral and Status Quo Bias in a Theory of Choice with Incomplete Preferences
Gerasimou, Georgios - 2012
This paper proposes a model of individual choice that does not assume completeness of the decision maker's preferences …. A decision maker who follows the decision rule featured in the model chooses an alternative from a menu if it is totally … preference-undominated in that menu and at the same time is also partially preference-dominant. In situations where the decision …
Persistent link: https://www.econbiz.de/10015232972
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Conditionally Additive Utility Representations
Qin, Wei-zhi; Rommeswinkel, Hendrik - 2017
Advances in behavioral economics have made decision theoretic models increasingly complex. Utility models incorporating … insights from psychology often lack additive separability, a major obstacle for decision theoretic axiomatizations. We address …
Persistent link: https://www.econbiz.de/10015257229