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Is Prelec’s function discontinuous at p = 1? (for the Einhorn Award of SJDM)

Harin, Alexander - 2015

A possibility of the existence of a discontinuity of Prelec’s (probability weighting) function at the probability p = 1 is discussed. This possibility is supported by the purely mathematical theorems and the “certain–uncertain” inconsistency of the random–lottery incentive experiments....

Persistent link: https://www.econbiz.de/10015247773

Cutthroats or comrades: Information sharing among competing fund managers

Ganglmair, Bernhard; Holcomb, Alex; Myung, Noah - 2016

Recent evidence of correlated trading among networked fund managers provides an indication that professional investors exchange investment ideas. To examine the motivations underlying this type of collaboration, we design a laboratory experiment in which competing fund managers share ideas until...

Persistent link: https://www.econbiz.de/10015251979

Another Solution for Allais Paradox: Preference Imprecision, Dispersion and Pessimism

Bayrak, Oben - 2016

Although there are alternative models which can explain the Allais paradox with non-standard preferences, they do not take the emerging evidence on preference imprecision into account. The imprecision is so far incorporated into these models by adding a stochastic specification implying the...

Persistent link: https://www.econbiz.de/10015252118

Women Self-Selection out of the Credit Market in Africa

Morsy, Hanan; El-Shal, Amira; Woldemichael, Andinet - 2019

Women are disproportionately disadvantaged in access to finance in Africa. While supply-side detriments, such as high interest rates and collateral requirements, are well documented in the literature, little is understood about how demand-side factors contribute to the observed gender gap in...

Persistent link: https://www.econbiz.de/10015212130

Do Women Panic More Than Men? An Experimental Study on Financial Decision

Kiss, Hubert Janos; Rodriguez-Lara, Ismael; … - 2014

We report experimental evidence on gender differences in financial decision that involves three depositors choosing between waiting or withdrawing their money from a common bank. We find that the position in the line, the fact of being observed and the observed decisions are key determinants to...

Persistent link: https://www.econbiz.de/10015240606

Bank Deposits Flows and Textual Sentiment: When an ECB President's speech is not just a speech

Anastasiou, Dimitrios; Katsafados, Apostolos G. - 2020

alternative sentiments able to capture the perceived uncertainty. We find that high frequency of uncertainty and weak modal words … sector by taking into consideration the frequency of uncertainty and weak modal words in the ECB president’s speeches. …

Persistent link: https://www.econbiz.de/10015267155

Bitcoin: Future or Fad?

Tut, Daniel - 2022

Big Data challenges and provide an o -ramp during political uncertainty. Bitcoin's long-term survivability and viability …

Persistent link: https://www.econbiz.de/10015267532

Who runs first to the bank?

Kiss, Hubert János; Rodríguez-Lara, Ismael; … - 2018

-demographics, uncertainty attitudes or personality traits. We find no significant differences in the costly effort to arrive early at the bank …

Persistent link: https://www.econbiz.de/10012290273

Do Women Panic More Than Men? An Experimental Study on Financial Decision

Kiss, Hubert J.; Rodriguez-Lara, Ismael; Rosa-Garcia, … - 2014

Persistent link: https://www.econbiz.de/10010494593

Think Twice Before Running! Bank Runs and Cognitive Abilities

Kiss, Hubert János; Rodriguez-Lara, Ismael; … - 2014

, however, is not always straightforward. If there exists strategic uncertainty (e.g., the last depositor has no information … strategic uncertainty (e.g., the last depositor is informed about all previous decisions). We find that cognitive abilities, as … measured by the Cognitive Reflection Test (CRT), predict withdrawals in the presence of strategic uncertainty (participants …

Persistent link: https://www.econbiz.de/10010494599