Showing 1 - 10 of 47
We study the impact of disclosure about bank fundamentals on depositors' behavior in the presence (and absence) of economic linkages between financial institutions. Using a controlled laboratory environment, we identify under which conditions disclosure is conducive to bank stability. We find...
Persistent link: https://www.econbiz.de/10012614208
We document outcome bias in situations where an agent makes risky financial decisions for a principal. In three experiments, we show that the principal’s evaluations and financial rewards for the agent are strongly affected by the random outcome of the risky investment. This happens despite...
Persistent link: https://www.econbiz.de/10014503948
We study first-order and higher-order inflation expectations of German households and firms elicited from surveys. The data allows to shed light on the relation between different orders of beliefs, and to derivate implications for noisy-information models with infinite regress. Moreover, since...
Persistent link: https://www.econbiz.de/10014561434
We study three fundamental components of financial agency settings: Perception and communication of investment profiles, the interaction of agents' and clients' preferences, and the role of (non-)monetary incentives. The perception of investment profile terminology is very heterogeneous,...
Persistent link: https://www.econbiz.de/10012545937
We study first-order and higher-order inflation expectations of German households and firms elicited from surveys. The data allows to shed light on the relation between different orders of beliefs, and to derivate implications for noisy-information models with infinite regress. Moreover, since...
Persistent link: https://www.econbiz.de/10014374669
We study the association of the perseverance-of-effort (PoE) and the consistency-of-interests (CoI) components of the psychological measure of grit, with economic measures of impatience and decreasing impatience (time inconsistency), respectively, in the general population. We find that...
Persistent link: https://www.econbiz.de/10014374739
We study experimental coordination games to examine through which transmission channels, and under which information conditions, a panic-based depositor-run at one bank may trigger a panic-based depositor-run at another bank. We find that withdrawals at one bank trigger withdrawals at another...
Persistent link: https://www.econbiz.de/10011605756
Financial professionals play a key role in financial markets and the financial industry as a whole. Researchers in experimental economics and finance have therefore started to employ financial professionals as experimental participants. We examine this recent development in the field by...
Persistent link: https://www.econbiz.de/10014319989
Can Attribution Science, a method for quantifying - ex post - humanity's contribution to adverse climatic events, induce pro-environmental behavioral change? We conduct a conceptual test of this question by studying, in an online experiment with 3,031 participants, whether backwards-looking...
Persistent link: https://www.econbiz.de/10014476192
Anticipating "social risk", or risk caused by humans, affects decision-making differently from anticipating natural risk. Drawing upon a large sample of the US population (n=3,982), we show that the phenomenon generalizes to risk experience. Experiencing adverse outcomes caused by another human...
Persistent link: https://www.econbiz.de/10013269299