Zobrazeno 1 - 10
of 127
pro vyhledávání: '"Itzhak Ben-David"'
Publikováno v:
PLoS ONE, Vol 12, Iss 5, p e0176933 (2017)
Delay discounting-often referred to as hyperbolic discounting in the financial literature-is defined by a consistent preference for smaller, immediate rewards over larger, delayed rewards, and by failure of future consequences to curtail current cons
Externí odkaz:
https://doaj.org/article/ba3562822295443fb2c87ddf73cfe5ce
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
Management Science. 67:6629-6659
Over the last four decades, the concentration of institutional assets in equity markets has increased dramatically. We conjecture that large institutions are granular, that is, they cannot be reduced to a collection of smaller independent entities. H
Publikováno v:
The Review of Financial Studies. 35:2790-2838
We show that mutual fund ratings generate correlated demand that creates systematic price fluctuations. Mutual fund investors chase fund performance via Morningstar ratings. Until June 2002, funds pursuing the same investment style had highly correla
Publikováno v:
The Review of Financial Studies. 35:1723-1774
Rational investors should account for risk factor exposure when allocating capital to mutual funds. Two recent influential studies use mutual fund flows to test whether investors distinguish between performance driven by managers' skill and systemati
Publikováno v:
American Economic Review. 111:192-230
Analyzing account-level data from an account aggregator, we find that households increase consumption when they receive expected tax refunds, as if they face liquidity constraints. However, these same households smooth consumption when making payment
Autor:
Marieke Bos, Itzhak Ben-David
Publikováno v:
The Review of Financial Studies. 34:2608-2647
The increased availability of alcohol may harm individuals who have present-focused preferences and consume more than initially planned. Using a nationwide experiment in Sweden, we study the credit behavior of low-income households around the expansi
Publikováno v:
American Economic Journal: Economic Policy. 12:1-32
This paper explores the effects of mandatory third-party review of mortgage contracts on consumer choice. The study is based on a legislative pilot carried out in Illinois in 2006, under which mortgage counseling was triggered by applicant credit sco