Utilizing the longitudinal SOEP data representative of the German population, we find that mental health shocks significantly decrease the willingness to take risks. We also find that mental health improvements increase the willingness to take risks significantly. Our findings are relevant for...

We discuss the behavioral and welfare implications of uncovering determinants of successful prevention. Based on a novel reinterpretation of prevention, we introduce the concept of technological transparency (TT)—the extent to which scientific knowledge allows agents to predict the success of...

Using a sample of Chinese security analysts' recommendations from 2005 to 2010, we examine the source of analysts' superiority and the investment value of their recommendations. Using a calendar-time portfolio approach, we find that, on average, analysts' recommendations are valuable and that...

Purpose: Attention resource is scarce. Organizing community activities in online forums faces the challenge of attracting users' limited attention. Understanding how users of online forums allocate, maintain, and change their attentional focus and what features of online forms influence their...