CEO Political Leanings and Store-Level Economic Activity during the COVID-19 Crisis: Effects on Shareholder Value and Public Health [0.03%]
首席执行官的政治倾向与新冠疫情危机期间的零售店经济活动：对企业价值和公共健康的影响
John M Bizjak,Swaminathan L Kalpathy,Vassil T Mihov et al.
John M Bizjak et al.
Maintaining economic output during the COVID-19 pandemic results in benefits for firm shareholders but comes at a potential cost to public health. Using store-level data, we examine how a CEO's political leaning impacts this trade-off. We d...
John Beshears,James J Choi,David Laibson et al.
John Beshears et al.
Using a field experiment in a 401(k) plan, we measure the effect of disseminating information about peer behavior on savings. Low-saving employees received simplified plan enrollment or contribution increase forms. A randomized subset of fo...
Using Neural Data to Test A Theory of Investor Behavior: An Application to Realization Utility [0.03%]
利用神经数据检验投资者行为理论：实证效用法的应用
Cary Frydman,Nicholas Barberis,Colin Camerer et al.
Cary Frydman et al.
We use measures of neural activity provided by functional magnetic resonance imaging (fMRI) to test the "realization utility" theory of investor behavior, which posits that people derive utility directly from the act of realizing gains and ...
James J Choi,David Laibson,Brigitte C Madrian et al.
James J Choi et al.
We show that individual investors over-extrapolate from their personal experience when making savings decisions. Investors who experience particularly rewarding outcomes from saving in their 401(k)-a high average and/or low variance return-...