Results 31 to 40 of about 74,497 (48)
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Possibilistic Information: Implications for Accounting Research
Journal of Financial ReportingThe possibilistic view of information and uncertainty, rooted in fuzzy set theory and possibility theory, is distinct from the probabilistic view adopted by economics-based accounting research.
Chengfeng Du, Kai Du, Shuyang Wang
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Search Costs and Context Effects
American Economic Journal: MicroeconomicsEmpirical search cost estimates are often large and increasing in the size of the transaction. We conduct an online search experiment in which we manipulate the price scale while keeping the physical search effort per price quote constant.
H. Karle +3 more
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Cardinality and Utilitarianism through Social Interactions
American Economic Journal: MicroeconomicsWe provide axioms that relate the preferences of each group in a society to the preferences of the subgroups contained in them. These axioms yield cardinal utility indices for each individual and a representation of group preferences as the group ...
Shiri Alon, E. Lehrer
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Attitudes toward Success and Failure
American Economic Journal: MicroeconomicsIndividuals often attach a special meaning to attaining a certain goal, and getting past a threshold marks the difference between success and failure. In this paper, we take a standard expected utility (EU) setting with an exogenous reference point that ...
L. Alaoui, Antonio Penta
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Consistent Depth of Reasoning in Level-k Models
American Economic Journal: MicroeconomicsLevel-k models often assume that individuals employ a fixed depth of reasoning across different games. We study this assumption by having subjects make choices in five classes of games chosen to identify inconsistent depth of reasoning.
D. Cooper +3 more
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A Simple Explanation of Countercyclical Uncertainty
American Economic Journal: MacroeconomicsThis paper documents that labor search and matching frictions generate countercyclical uncertainty because the inherent nonlinearity in the flow of new matches makes employment uncertainty increasing in the number of people searching for work ...
J. Bernstein +3 more
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(Pro-)Social Learning and Strategic Disclosure
Social Science Research NetworkWe study a sequential experimentation model with endogenous feedback. Agents choose between a safe and risky action, the latter generating stochastic rewards. When making this choice, each agent is selfishly motivated (myopic).
Roland Bénabou, Nikhil Vellodi
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Ambiguity Aversion and Heterogeneity in Households’ Beliefs
American Economic Journal: MacroeconomicsUK households that wish for lower inflation and lower nominal interest rates have higher expected inflation. We interpret the evidence through the lens of a New Keynesian model where ambiguity-averse households differ in wealth, skill, labor market ...
Claudio Michelacci, Luigi Paciello
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Bias and Sensitivity Under Ambiguity
Social Science Research NetworkThis paper characterizes the effects of ambiguity aversion under dispersed information. The equilibrium outcome is observationally equivalent to a Bayesian forecast of the fundamental with increased sensitivity to signals and a pessimistic bias.
Zhengxin Huo +2 more
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Do Eastern Religious Traditions Stifle or Encourage Corporate Innovation? Evidence from China
Journal of International Accounting ResearchAlthough the relationship between Western religiosity and innovation is widely investigated, the effect of Eastern religious traditions on corporate innovation remains unexplored.
Lihong Liang +3 more
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