Results 91 to 100 of about 632,036 (253)

Shifting standards due to social class? The role of social class background in CEO career outcomes

Strategic Management Journal, EarlyView.
Abstract Research Summary This study investigates how social class background shapes CEO career outcomes. Extending the shifting standards model to post‐appointment evaluation, we theorize that CEOs from lower‐class backgrounds face persistently high confirmatory standards, producing asymmetric consequences.
Michelle Lee, Shelby L. Gai
wiley   +1 more source

Choose for Others More Randomly: Psychological Distancing and Response Randomness in Intertemporal Choice

Journal of Pacific Rim Psychology
Intertemporal choices involve decisions that balance trade-offs occurring at different points in time. Previous research on self–other differences in intertemporal choice, often interpreted through a psychological-distance framework, has produced mixed ...
Yan Liang, Qian-Hui Wang, Zi-Han Wei, Hong-Zhi Liu   +3 more
doaj   +1 more source

It will be worth it, in the end: a model of naturalistic intertemporal choice

Frontiers in Psychology
Intertemporal choices, which involve consequences spread over time, often display a bias toward short-term rewards, which was recognized in ancient Greek philosophy as “akrasia.” This bias is nowadays often modelled via hyperbolic discounting models ...
Philip Newall, Philip Newall, Philip Newall, Philip Newall, Philip Newall, Mike W. Peacey   +5 more
doaj   +1 more source

Intertemporal Consumption with Directly Measured Welfare Functions and Subjective Expectations [PDF]

Euler equation estimation of intertemporal consumption models requires many, often unverifiable assumptions. These include assumptions on expectations and preferences.
Kleinjans, K., Soest, A.H.O. van, Kapteyn, A.   +2 more
core  

Better on Average? Average Inflation Targeting With an Unclear Averaging Window

Southern Economic Journal, EarlyView.
ABSTRACT Average inflation targeting (AIT) aims to stabilize inflation expectations by offsetting past deviations from target. However, ambiguity about the averaging window can complicate expectations formation and reduce policy effectiveness. This paper integrates AIT into a benchmark DSGE model, incorporating adaptive learning and a signal extraction
James Dean
wiley   +1 more source

Do Product Market Reforms Work? Assessing Regulatory Changes Impacting Competition

Southern Economic Journal, EarlyView.
ABSTRACT We create a new dataset that characterizes studies of product market reforms implemented from 1932 to 2011. We examine the size and origins of differences in estimated impacts based on an OECD classification scheme for potentially competitive restrictions of regulation. The median impact from switching to a pro‐competitive environment is a 19%
Sean F. Ennis, Selvin Thanacoody
wiley   +1 more source

Navigating Time-Inconsistent Behavior: The Influence of Financial Knowledge, Behavior, and Attitude on Hyperbolic Discounting

Behavioral Sciences
Hyperbolic discounting is a psychological phenomenon in which individuals prioritize smaller immediate rewards over larger future rewards. Time-inconsistent behavior is deemed irrational as it negatively impacts savings and investment, investment in ...
Aliyu Ali Bawalle, Sumeet Lal, Trinh Xuan Thi Nguyen, Mostafa Saidur Rahim Khan, Yoshihiko Kadoya   +4 more
doaj   +1 more source

Disentangling Risk Aversion and Intertemporal Substitution Through a Reference Level [PDF]

In the standard consumption capital asset pricing model (CCAPM), the curvature of the investor's utility function captures two aspects of preferences: as the concavity of the function increases so does his aversion to risk as well as his desire to smooth
Andrei Semenov, René Garcia, Éric Renault   +2 more
core  

Why Does Individualism Affect Economic Development: Is It Values, Policies, or Institutions?

Southern Economic Journal, EarlyView.
ABSTRACT A substantial body of literature highlights the positive roles of individualism and economic freedom in fostering prosperity, and recent work links the two. This paper disentangles their contributions to economic development. In cross‐country data, we show that both are independently associated with per capita income, even after extensive ...
Lewis S. Davis, Claudia Williamson Kramer   +1 more
wiley   +1 more source

The Intertemporal-Substitution Hypothesis is Alive and Well (But Hiding in the Data) [PDF]

According to the intertemporal-substitution hypothesis, which underlies the typical empirical real business cycle model, cyclical fluctuations in employment and hours of work are optimizing labor-supply responses to short-run aggregate demand shifts.
Jean Kimmel
core