Showing 1 - 10 of 325
This paper outlines a fantasy research pitch exercise conducted in a PhD course at the University of Queensland. Using Faff's (2015, 2017) pitching research template, students attending the course were asked to engage in a group exercise to pitch a "fantasy" research topic. While the final...
Persistent link: https://www.econbiz.de/10015196252
The global language of scholarly research is English and so the obstacle of getting noticed is montainous when the article is not written in the English language. Indeed, despite rapid advances in technology, the "tyranny of language" creates a segmentation inhibiting scholarly research and...
Persistent link: https://www.econbiz.de/10015196285
Define the riskiness of a gamble as the reciprocal of the absolute risk aversion (ARA) of an individual with constant ARA who is indifferent between taking and not taking that gamble. We characterize this index by axioms, chief among them a “duality” axiom which, roughly speaking, asserts...
Persistent link: https://www.econbiz.de/10010318897
An information transaction entails the purchase of information. Formally, it consists of an information structure together with a price. We develop an index of the appeal of information transactions, which is derived as a dual to the agent's preferences for information. The index of information...
Persistent link: https://www.econbiz.de/10010420275
Consider any investor who fears ruin facing any set of investments that satisfy no-arbitrage. Before investing, he can purchase information about the state of nature in the form of an information structure. Given his prior, information structure 'a' is more informative than information structure...
Persistent link: https://www.econbiz.de/10010284049
This paper provides estimates of COVID-19 effective reproduction numbers and explains their evolution for selected European countries since the start of the pandemic taking account of changes in voluntary and government mandated social distancing, incentives to comply, vaccination and the...
Persistent link: https://www.econbiz.de/10013353366
The COVID-19 pandemic has wrought havocs on economies around the world. Yet, much needs to be learnt on the distributional impacts of the pandemic. We contribute new theoretical and empirical evidence on the distributional impacts of the pandemic on different income groups in a multi-country...
Persistent link: https://www.econbiz.de/10013411417
Although blockchain technology and cryptocurrencies have grown in popularity over the past years, there does not seem to be a consensus if they bring any value to economic interactions. In this paper, I argue that a fundamental value the blockchain provides is commitment. I develop a model of an...
Persistent link: https://www.econbiz.de/10013464278
We show that if sophisticated institutional managers and individual investors perceive tail-risks differently, then a new explanation for the pricing kernel puzzle emerges. We show, by example, that even a tiny difference in tail-risk perception by the two investor types can explain the pricing...
Persistent link: https://www.econbiz.de/10014001604
Robust evidence on working from home and mental health is lacking, with recent concerns it may blur work-home boundaries. Working from home was discretionary and less intensive in pre-pandemic years, while during the pandemic, it was often intensive and 'mandated'. I estimate the relationship...
Persistent link: https://www.econbiz.de/10014001736