Between March 2019 and March 2020, we visited 53 school groups (classes) in 9 Hungarian schools to measure time, risk, social and competitive preferences of 1108 secondary school students using incentivized laboratory experimental tasks. We applied the unfolding brackets method to measure time...

We study how lines form in front of banks. In our model, depositors choose first the level of effort to arrive early at the bank and then whether or not to withdraw their deposit. We argue that the informational environment (i.e., the possibility of observing the action of others) affects the...

Sorting according to the gender or cognitive abilities of the traders has been investigated as a potential source of overpricing in asset markets. Here we study if sorting according to risk attitudes matters, motivated by the fact that filtering out risk-averse investors is practiced widely in...

During the COVID-19 pandemic, many countries eased the burden on borrowers through loan forbearance. Using a representative sample of the Hungarian adult population, we investigate whether time preferences and locus of control are associated with loan forbearance takeup. We find evidence that...

Tanulmányunkban bemutatjuk a kontrollhely fogalmát, ezt a közgazdaságtanban egyre gyakrabban kutatott nem kognitív képességet. Ezután áttekintjük a kontrollhely közgazdaságtani irodalmát, és bemutatjuk, hogy akik úgy gondolják, maguk irányítják az életüket, sikeresebbek az...

The theoretical literature on bank runs has modeled depositors’ withdrawal decision as a one-off choice, made simultaneously by all depositors. Our game-theoretic framework gives depositors a heterogeneous, stochastic opportunity to change their minds about withdrawing their money. They can...

We study the relationship between locus of control and both educational attainment and college aspirations in adolescence, focusing on the potential channels through which locus of control may influence these outcomes. Even after controlling for a comprehensive set of socio-demographic factors...

We assess the impact of cognitive abilities on withdrawal decisions in a bank-run game. In our setup, depositors choose sequentially between withdrawing or keeping their funds deposited in a common bank. They may observe previous decisions depending on the information structure. Theoretically,...

Empirical descriptions and studies suggest that generally depositors observe a sample of previous decisions before deciding if to keep their funds deposited or to withdraw them. These observed decisions may exhibit different degrees of correlation across depositors. In our model depositors are...

A gondolat, amely szerint a vállalatok közötti verseny és együttműködés egyszerre van jelen az üzleti gyakorlatban, kiemelt figyelemet kap az üzleti tudományok területén, ugyanakkor meglehetősen kevés elméleti modell született a probléma megjelenítésére. A tanulmányban egy...