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Evidence from five general-interest journals in economics reveals an inverse relationship between author seniority and the number of colleagues whom authors choose to thank and acknowledge. The large seniority effect is insensitive to the inclusion of controls for the number of co-authors,...
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This paper focuses on tacit versus explicit uses of plural performance metrics as a primary methodological characteristic. This characteristic usefully distinguishes two schools of normative analysis and their approaches to normative interpretations of bounded rationality. Both schools of...
Persistent link: https://www.econbiz.de/10011104660
This paper analyses housing price dynamics in and outside of Telecom Corridor, a region near Dallas, Texas, with a high concentration of new economy firms. Using separate home price indexes in and outside this region, the paper tests whether home values are more volatile in the new economy area...
Persistent link: https://www.econbiz.de/10010816600
For a research program that counts improved empirical realism among its primary goals, it is surprising that behavioral economics appears indistinguishable from neoclassical economics in its reliance on ‘as-if ’ arguments. ‘As-if ’ arguments are frequently put forward in behavioral...
Persistent link: https://www.econbiz.de/10010903072
This paper presents new data on entrepreneurs' self-described decision processes when choosing where to locate, based on scripted interviews with business owners. Consideration sets and quantities of information acquisition are surprisingly small, especially among entrepreneurs who are...
Persistent link: https://www.econbiz.de/10010869684
This paper investigates factors that influence trust and advice taking among retail investors when consulting with financial advisors and making real-world portfolio decisions. The data reveal that non-expert retail investors trust their advisors a lot. Trust formation appears to be well...
Persistent link: https://www.econbiz.de/10011050002
This paper measures the extent to which declines in Canadian welfare participation were associated with novel and aggressive welfare reforms. Referred to as new reform strategies, these welfare policy variables are: work requirements, diversion, earning exemptions, and time limits. Controlling...
Persistent link: https://www.econbiz.de/10011150280