Causal involvement of dorsomedial prefrontal cortex in learning the predictability of observable actions. [PDF]
Kang P +5 more
europepmc +1 more source
One‐Way Versus Two‐Way Postacquisition Integration Efforts: Theory and Evidence
ABSTRACT We develop a theory of postacquisition integration that distinguishes between one‐way (acquirer‐only) and two‐way (mutual) effort strategies. We argue that the method of payment—cash versus shares—may serve as an ex ante commitment mechanism to a particular integration strategy, where cash deals align with unilateral effort, and share deals ...
Albert Banal‐Estañol +3 more
wiley +1 more source
As good as it gets? A new approach to estimating possible prediction performance. [PDF]
Anderson D, Bjarnadottir M.
europepmc +1 more source
Evidence Gathering Under Competitive and Noncompetitive Rewards
ABSTRACT Reward schemes may affect not only agents' effort but also their incentives to gather information in order to reduce the riskiness of the productive activity. In a laboratory experiment using a novel task, we find that the relationship between incentives and evidence gathering depends critically on the availability of information about peers ...
Philip Brookins +2 more
wiley +1 more source
Leveraging the science of early life predictability to inform policies promoting child health. [PDF]
Glynn LM, Liu SR, Lucas CT, Davis EP.
europepmc +1 more source
When attentive insider trading matters: Evidence from government investment
Abstract We examine whether insiders can exploit public information to increase their trading profitability. By exploiting, as a quasi‐natural experiment, the Bipartisan Infrastructure Law (BIL), announced in the U.S. in March 2021 and implemented in November 2021, we provide evidence that insiders earn higher profits when government investment plans ...
Dimitris Petmezas +3 more
wiley +1 more source
Towards a unified test for the intercept of autoregressive models. [PDF]
Zhang J, Fan Y, Wang Y, Liu X, Li B.
europepmc +1 more source
Abstract I analyze differences between the core and extended trading sessions in the high‐frequency reaction of equity markets to potential news. Using presidential tweets as unanticipated, potentially market‐stirring events, I find that volatility increases and liquidity deteriorates within fractions of a second after a tweet.
Stefan Scharnowski
wiley +1 more source
Delay of gratification and adult outcomes: The Marshmallow Test does not reliably predict adult functioning. [PDF]
Sperber JF +3 more
europepmc +1 more source
Short selling ETFs and market performance
Abstract We examine short selling activity in leveraged Exchange‐Traded Funds (ETFs) and its impact on underlying index performance. Using a novel measure of ETF short exposure, which includes long positions in inverse leveraged ETFs, we document that high short exposure is associated with positive performance in the subsequent period.
Doina C. Chichernea +2 more
wiley +1 more source

