Crises and prices: information aggregation, multiplicity, and volatility
Article Abstract:
The role of endogenous information in crises is analyzed by using faulty information regarding a financial market in a coordination game. Understanding of volatility and multiplicity in coordination-crucial events is sought.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2006
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A new method of estimating risk aversion
Article Abstract:
Relative risk aversion was estimated using information regarding labor supply behavior. Issues on decreasing marginal utility are discussed, focusing on concerns in risk aversion and effects of wages.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2006
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Paying not to go the gym
Article Abstract:
Membership fluctuation in fitness clubs in the United States is evaluated.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2006
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