Many of North Korean refugees in South Korea struggle to reconcile their different identities of: being a Korean who shares ethnicity with South Koreans vs. being a North Korean who fled from an estranged neighboring country. This paper shows that emphasizing the Korean unity can help their...

Many of North Korean refugees in South Korea struggle to reconcile their different identities of: being a Korean who shares ethnicity with South Koreans vs. being a North Korean who fled from an estranged neighboring country. This paper shows that emphasizing the Korean unity can help their...

It is widely hypothesized that anxiety and worry about an uncertain future lead to the adoption of comforting beliefs or "wishful thinking". However, there is little direct causal evidence for this effect. In our experiment, participants perform a visual pattern recog- nition task where some...

It is widely hypothesized that anxiety and worry about an uncertain future lead to the adoption of comforting beliefs or "wishful thinking". However, there is little direct causal evidence for this effect. In our experiment, participants perform a visual pattern recognition task where some...

In this paper we present a novel experimental procedure aimed at better understanding the interaction between confidence and ambiguity attitudes in individual decision making. Different ambiguity settings not only can be determined by the lack of information in possible scenarios completely...

The phenomenology of trust and self-trust in narrative leadership identity constructions is a field less explored within leadership studies. With a critical lens, this study approaches the construction of leadership identity, offering a broadened perspective on post-heroic leadership identity...

In this paper we investigate behavioral constraints to savings among smallholder farmers in rural Ethiopia. Increasing savings by overcoming such behavioral constraints has been documented to have positive effects on various outcomes such as health, education, and agricultural investments. We...

This study examines the role of actual and perceived financial sophistication (i.e., financial literacy and confidence) for individuals' wealth accumulation. Using survey data from the German SAVE initiative, we find strong gender- and education-related differences in the distribution of the two...

The distinction of risk vs uncertainty as made by Knight has important implications for policy selection. Assuming the former when the latter is relevant can lead to wrong decisions. With the aid of a stylized model that describes a bank’s decision on how to allocate loans, the authors discuss...

Previous research has shown that feedback about past performance has ambiguous effects on subsequent performance. We argue that feedback affects beliefs in different dimensions – namely beliefs about the level of human capital and beliefs about the ability to learn – and this may...

We investigate how the selection process of a leader affects team performance with respect to social learning. We use a lab experiment in which an incentivized guessing task is repeated in a star network with the leader at the center. Leader selection is either based on competence, on...

We introduce financial frictions in the spirit of Bernanke, Gertler, and Gilchrist (1999) into a standard RBC model and use the heterogeneous-prior framework of Angeletos, Collard, and Dellas (2018) to accommodate confidence-driven business cycle fluctuations. We show that financial frictions...

We introduce financial frictions in the spirit of Bernanke, Gertler, and Gilchrist (1999) into a standard RBC model and use the heterogeneous-prior framework of Angeletos, Collard, and Dellas (2018) to accommodate confidence-driven business cycle fluctuations. We show that financial frictions...

Durch seine verhaltensnormierende Wirkung stellt Vertrauen einen wirkungsvollen Mechanismus zur Koordination sozialer Beziehungen dar. Es stellt sich die Frage, ob dieser allgemeine Koordinationsmechanismus auch in den Bereichen der Gesellschaft erfolgreich seine Wirkung entfalten kann, in denen...

Qualitätsungewißheit erfaßt das Problem asymmetrischer Information bei Vertrauenseigenschaften und geht über Qualitätsunsicherheit hinaus, die nur bei Erfahrungseigenschaften auftritt. Informationsökonomische Modelle können Qualitätsungewißheit bisher nur unzureichend analysieren. Zur...

Dieses Buch beschäftigt sich mit Kompetenz als Vertrauensdeterminante. Ziel ist, die unterschiedlichen Kompetenzarten und ihren Einfluss auf den Vertrauensentstehungsprozess vor dem theoretischen Hintergrund der Neuen Institutionenökonomie zu untersuchen. Das Ergebnis ist ein experimentell...

This study investigates determinants of financial behavior (FB) of university students at a university in South Africa. It examines whether financial behavior, confidence, time preferences, risk preferences and financial literacy perceptions of university students differ by financial literacy...

Based on a reading of Joseph O'Neill's 2008 novel Netherland, this article discusses the relationship between cricket and finance capitalism from the perspective of time and temporality. Despite its function as a global commodity, cricket inserts a flow of postcolonial time into the temporal...

Obgleich Vertrauen seit jeher allgegenwärtiges Motiv im literarischen Diskurs über eine effektiv funktionierende Gesellschaft ist, hat die Beachtung von Vertrauen mit der Finanzkrise 2008 deutlich an Dynamik gewonnen. Eine Reihe an Unternehmenskrisen hat beträchtlich zu dieser graduellen...

A substantial literature claims that the strong increase in inequality over the last decade in Western industrial countries such as the United States (US) would lead to increasing tensions between different socio-economic groups which might in turn hamper economic growth. The population’s...

We study the pattern of correlations across a large number of behavioral regularities, with the goal of creating an empirical basis for more comprehensive theories of decision-making. We elicit 21 behaviors using an incentivized survey on a representative sample (n = 1;000) of the U.S....

Collaboration on resource sharing advocates a joint usage of resources by multiple parties (actors) to attain mutual benefits. Resource sharing becomes vital when resources under consideration are scarce, challenging, and expensive to attain; as well when they are idle or underutilized. In...

Previous research has shown that feedback about past performance has ambiguous effects on subsequent performance. We argue that feedback affects beliefs in different dimensions - namely beliefs about the level of human capital and beliefs about the ability to learn - and this may explain some of...