Using Italian data on the universe of mandatory tests conducted in a low-stakes setting without air conditioning, we investigate the effect of temperature on student performance, with a focus on how manipulation distorts causal estimates of temperature effects on test scores. While high...

"Pendular Voting" presents a novel two-stage voting procedure: A randomly chosen citizen group votes on a proposal replacing the status quo. Depending on the outcome, a "counterproposal" ensues, that is closer to/further away from the status quo than the original proposal. All citizens vote...

Efficiency Adjusted Deferred Acceptance Rule (EDA) is a promising candidate mechanism for a public school assignment. A potential drawback of EDA is that it could encourage students to game the system since it is not strategy-proof. However, to successfully strategize, students typically need...

When a counter-proposal is made to an initiative to change the Swiss constitution, the citizenry makes three binary majority choices: the initiative versus the status quo, the initiative versus the counter-proposal, and the status quo versus the counterproposal as a tie-breaker. If there is a...

Lin et al. (2024) investigates the effect of rewarding effort on task preferences in adult participants using a mixed-design experiment with Bayesian linear regression models. The aim was to recognise whether rewarding effort increases individuals' willingness to choose effortful (harder) tasks...

"Pendular Voting" presents a novel two-stage voting procedure: A randomly chosen citizen group votes on a proposal replacing the status quo. Depending on the outcome, a "counterproposal" ensues, that is closer to/further away from the status quo than the original proposal. All citizens vote...

In this paper, we conduct a large-scale field experiment to investigate the manipulability of prediction markets. The main experiment involves randomly shocking prices across 817 separate markets; we then collect hourly price data to examine whether the effects of these shocks persist over time....

Using Italian data on the universe of mandatory tests conducted in a low-stakes setting without air conditioning, we investigate the effect of temperature on student performance, with a focus on how manipulation distorts causal estimates of temperature effects on test scores. While high...

Financial transparency is essential for stakeholders to make decisions, ensuring a correct amount of tax is paid to the state. Many companies have opted for the recognition of deferred tax assets to present a different result, but there is scant literature. This study investigates the impact of...

The phenomenon of creative accounting has attracted the attention of researchers for decades, especially in the financial sector for its implications on the quality of financial reporting. Although several procedures have been developed by researchers and practitioners to determine any...

When a counter-proposal is made to an initiative to change the Swiss constitution, the citizenry makes three binary majority choices: the initiative versus the status quo, the initiative versus the counter-proposal, and the status quo versus the counterproposal as a tie-breaker. If there is a...

Purpose - This paper explores the association between directors' and officers' liability insurance (D&O insurance) and management tone manipulation. Design/methodology/approach - This study uses data from A-share listed non-financial companies from 2009 to 2021 as its sample for empirical tests....

The proliferation of fake news poses a growing global threat, affecting politics, individual decision-making, and economic outcomes. This column discusses how informing individuals about their susceptibility to fake news affects their willingness to pay to protect themselves from misinformation....

Democracy is one of the fundamental values of our European Union. It is at the heart of our open and transparent societies. In the European Union, citizens can freely express their views, participate in democratic life, and choose their political representatives. However, false information has...

How does government control over mass media affect banking system? Our theoretical model predicts that if the media are biased, depositors are less likely to run on their bank, but also less likely to deposit their money in the banking system in the first place. Empirically, we show that...

Often-overlooked developments in Armenia show how Western policy makers are failing to recognize and counteract the growing sophistication of Russia's propaganda machine. There is much the West can do. Intelligence authorities can start sharing more information about Russia's influence...

The proliferation of fake news poses significant challenges for policymakers and raises concerns about its potential impact on economic stability. This paper explores this question, focusing on the macroeconomic effects of technology related fake news in the US for the period 2007-2022....