Market Evidence of Misperceived Prices and Mistaken Mortality Risks - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Market Evidence of Misperceived Prices and Mistaken Mortality Risks write by Jay Bhattacharya. This book was released on 2003. Market Evidence of Misperceived Prices and Mistaken Mortality Risks available in PDF, EPUB and Kindle. We construct and implement a test of rational consumer behavior in a highstakes financial market. In particular, we test whether consumers make systematic mistakes in perceiving their mortality risks. We implement this test using data from secondary life insurance markets where consumers with a lifethreatening illness sell their life insurance policies to firms in return for an up-front payment. We compare predictions from two models: one with consumers who correctly perceive their mortality risk, and one with consumers who are misguided about their life expectancy, and find that our data are most consistent with the predictions made by the second model.
Heckscher-Ohlin Theory and Individual Attitudes Towards Globalization
Heckscher-Ohlin Theory and Individual Attitudes Towards Globalization - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Heckscher-Ohlin Theory and Individual Attitudes Towards Globalization write by Kevin H. O'Rourke. This book was released on 2003. Heckscher-Ohlin Theory and Individual Attitudes Towards Globalization available in PDF, EPUB and Kindle. The aim of the paper is to see whether individuals' attitudes towards globalization are consistent with the predictions of Heckscher-Ohlin theory. The theory predicts that the impact of being skilled or unskilled on attitudes towards trade and immigration should depend on a country's skill endowments, with the skilled being less anti-trade and anti-immigration in more skill-abundant countries (here taken to be richer countries) than in more unskilled-labour-abundant countries (here taken to be poorer countries). These predictions are confirmed, using survey data for 24 countries. Being high-skilled is associated with more pro-globalization attitudes in rich countries; while in some of the very poorest countries in the sample being high-skilled has a negative (if statistically insignificant) impact on pro-globalization sentiment. More generally, an interaction term between skills and GDP per capita has a negative impact in regressions explaining anti-globalization sentiment. Furthermore, individuals view protectionism and anti-immigrant policies as complements rather than as substitutes, which is what simple Heckscher-Ohlin theory predicts.
Working Paper Series
Working Paper Series - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Working Paper Series write by . This book was released on 2003. Working Paper Series available in PDF, EPUB and Kindle.
Hitotsubashi journal of commerce and management
Hitotsubashi journal of commerce and management - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Hitotsubashi journal of commerce and management write by . This book was released on 2012. Hitotsubashi journal of commerce and management available in PDF, EPUB and Kindle.
Are Structural Estimates of Auction Models Reasonable? Evidence Form Experimental Data
Are Structural Estimates of Auction Models Reasonable? Evidence Form Experimental Data - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Are Structural Estimates of Auction Models Reasonable? Evidence Form Experimental Data write by Patrick L. Bajari. This book was released on 2003. Are Structural Estimates of Auction Models Reasonable? Evidence Form Experimental Data available in PDF, EPUB and Kindle.
