Results 181 to 190 of about 307 (253)
Managerial Overoptimism and Discretionary Disclosure
ABSTRACT We examine the effect of managerial overoptimism on discretionary disclosure of subjective information, such as earnings forecasts. The market applies a discount upon disclosure to capture the possibility that the revealed subjective expectation is too optimistic.
Nikolaj Niebuhr Lambertsen +1 more
wiley +1 more source
Modeling the evolution space of breakage fusion bridge cycles with a stochastic folding process. [PDF]
Greenman CD +4 more
europepmc +1 more source
Randomly Albright: The End of Judge Shopping in the Western District of Texas?
ABSTRACT Because judges exercise discretion in how they handle and decide cases, heterogeneity across judges can affect case outcomes and, thus, preferences among litigants for particular judges. However, selection obscures the causal mechanisms that drive these preferences.
Christian Helmers +2 more
wiley +1 more source
Pointwise nonparametric maximum likelihood estimator of stochastically ordered survivor functions. [PDF]
Park Y, Taylor JM, Kalbfleisch JD.
europepmc +1 more source
Expert Asymmetry: Evidence From Securities Litigation
ABSTRACT Modern litigation often involves two separate, extra‐legal features: (1) contingency fee arrangements with the plaintiff‐side attorney, and (2) a “battle of the experts” where the outcome of the case rests on conflicting expert witness testimony.
Adam Callister +2 more
wiley +1 more source
Analytic results on the bias due to nondifferential misclassification of a binary mediator. [PDF]
Ogburn EL, VanderWeele TJ.
europepmc +1 more source
Liquidity Crises and the Market‐Maker of Last Resort
Abstract We study market illiquidity in an economy subject to nonfundamental shocks. Asset trading occurs via decentralized bargaining. The model has multiple rational expectations equilibria; we associate certain Pareto‐inferior equilibria with liquidity crises.
CHARLES M. KAHN +2 more
wiley +1 more source
Precautionary Saving against Correlation under Risk and Ambiguitya
Abstract This paper considers precautionary saving against the correlation between two risky attributes (wealth and health) and investigates how the correlation affects optimal savings under multivariate preferences. The signs of higher‐order cross‐derivatives play a key role in determining the direction of precautionary saving against such correlation.
TAKAO ASANO, YUSUKE OSAKI
wiley +1 more source

