Results 141 to 150 of about 2,083,765 (305)

Reputation and Asset Prices: Evidence From Trump Real Estate

open access: yesFinancial Management, EarlyView.
ABSTRACT We analyze the impact of brand reputation on asset prices by exploiting the prominence of Donald Trump in Manhattan real estate. Our quasi‐experiment identifies a 14.5% discount to condominiums in Trump‐branded buildings after controversies surrounding Trump's presidential candidacy began in June 2015 up to 2022.
Marlene Koch, Simon Stehle, Rémi Vivès
wiley   +1 more source

Impatience, Anticipatory Feelings and Uncertainty: A Dynamic Experiment on Time Preferences [PDF]

open access: yes
We study time preferences in a real-effort experiment with a one-month horizon. We report that two thirds of choices suggest negative time preferences. Moreover, choice reversal over time is common even if temptation plays no role. We propose and measure
Davide Dragone, Marco Casari
core  

Testing for Contagion in International Financial Markets: To See More, Go Higher

open access: yesFinancial Review, EarlyView.
ABSTRACT Traditional measures of financial contagion rely on correlation shifts, overlooking higher moments such as skewness and kurtosis. We examine contagion during two major financial crises, incorporating lower‐ and higher‐moment measures. We analyze stock market returns from 22 major markets at different frequencies, offering a global perspective ...
Simeon Coleman, Vitor Leone
wiley   +1 more source

Effect Of Background Music Tempo On Decision Making Of Risk Taking And Intertemporal Choice [PDF]

open access: yes, 2011
The current research advance the economic perspective on individual decision making, involving choice under risk and intertemporal choice. Penyelikdikan ini mengkaji keputusan perseorangan yang melibatkan risiko dan pilihan di antara jangka masa dari ...
Foo, Yung Chau
core  

Ambiguity Aversion, Portfolio Choice, and Life Expectancy

open access: yesInternational Economic Review, EarlyView.
ABSTRACT This paper studies how wealth and aging affect portfolio choices in a life‐cycle model with ambiguity aversion. Ambiguity aversion implies wealthier and older agents are endogenously more optimistic about risky asset returns, relative to poorer/younger agents. As life expectancy grows, old agents become even more optimistic, while young agents
Alistair Macaulay, Chenchuan Shi
wiley   +1 more source

Strategic Asset Allocation in a Continuous-Time VAR Model [PDF]

open access: yes
This note derives an approximate solution to a continuous-time intertemporal portfolio and consumption choice problem. The problem is the continuous-time equivalent of the discrete-time problem studied by Campbell and Viceira (1999), in which the ...
George Chacko   +3 more
core  

The Legacy of Policy Inaction in Climate‐Growth Models

open access: yesInternational Economic Review, EarlyView.
ABSTRACT To better understand the structure and core mechanisms of a broad class of climate‐growth models, we study a simplified version of the dynamic integrated model of climate and the economy (DICE) through the lens of growth theory. We analytically show that this model features a continuum of saddle‐point stable steady states.
Thomas Steger, Timo Trimborn
wiley   +1 more source

Time mental accounting and novice employees’ intertemporal choices: mediating effects of time management disposition and future self-continuity

open access: yesFrontiers in Psychology
IntroductionThis study examined how time mental accounting relates to intertemporal decision-making among novice employees and whether this relationship operates through time management disposition (TMD) and future self-continuity (FSC), drawing on ...
Jie Liu   +6 more
doaj   +1 more source

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