| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4123 |
| DP4123 A Strategic Interpretation of Legal Transplants | |
| Nuno Garoupa; Anthony Ogus | |
| 发表日期 | 2003-11-23 |
| 出版年 | 2003 |
| 语种 | 英语 |
| 摘要 | The feedback frequency and the length of commitment are two important features of investment alternatives in intertemporal decision-making. So far, empirical research has shown that a lower feedback frequency combined with a longer binding period decreases myopia and thereby increases the willingness to invest into a risky asset. Almost nothing is known, however, about the isolated effect of each variable and about a possible interaction of these variables. In an experimental study, we disentangle the intertwined manipulation of feedback frequency and binding period, commonly used in previous research, to analyse how both variables alone contribute to the change in myopia. We find a strong effect depending on the length of commitment, a much less pronounced effect of feedback and a strong interaction between both variables. The results have important implications for real world intertemporal decision-making. |
| 主题 | Financial Economics |
| 关键词 | Intertemporal decision-making Myopic loss aversion Feedback frequency Length of commitment Evaluation period |
| URL | https://cepr.org/publications/dp4123 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533098 |
| 推荐引用方式 GB/T 7714 | Nuno Garoupa,Anthony Ogus. DP4123 A Strategic Interpretation of Legal Transplants. 2003. |
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