Good decision-making often requires people to perceive and handle a myriad of statistical correlations. Notably, optimal portfolio theory depends upon a sophisticated understanding of the correlation between financial assets. In this paper, we examine people's understanding of correlation using a sequence of portfolio-allocation problems and find it to be strongly imperfect. Our experiment uses...
Georg Weizsäcker, Erik Eyster
Paris, Frankreich,
26.11.2010
| Economic Theory Seminars: Paris School of Economics
This paper investigates the short-term effects of public smoking bans on individual smoking behavior. In 2007 and 2008, state-level smoking bans were gradually introduced in all of Germany's sixteen federal states. We exploit this variation in the timing of state bans to identify the effect that smoke-free policies had on individuals' smoking propensity and smoking intensity. Using rich...
Silke Anger, Michael Kvasnicka, Thomas Siedler
Mannheim,
24.11.2010
| Applied Economics and Econometrics Seminar
Olaf J. de Groot
Brüssel, Belgien,
23.11.2010
| Fiscal and Budgetary Trends in Allied Countries and Implications for the Affordability and Sustainability of Defence Spending: NATO Workshop
This paper evaluates the effectiveness of the international naval mission in the Gulf of Aden from 2008-2010, both in terms of its counter-piracy and its counter-terrorism objectives. We draw on arguments developed in the literature of law and economics, detailed statistical analyses and a large number of in depth interviews. Counter-piracy operations are a qualified success: their main effects...
Anja Shortland, Marc Vothknecht
Hamburg,
23.11.2010
| EUSECON Policy Workshop
Good decision-making often requires people to perceive and handle a myriad of statistical correlations. Notably, optimal portfolio theory depends upon a sophisticated understanding of the correlation between financial assets. In this paper, we examine people's understanding of correlation using a sequence of portfolio-allocation problems and find it to be strongly imperfect. Our experiment uses...
Georg Weizsäcker, Erik Eyster
Princeton, USA,
23.11.2010
| Behavioral Economics Seminar: Princeton University, Economics Department
This paper investigates the short-term effects of public smoking bans on individual smoking behavior. In 2007 and 2008, state-level smoking bans were gradually introduced in all of Germany's sixteen federal states. We exploit this variation in the timing of state bans to identify the effect that smoke-free policies had on individuals' smoking propensity and smoking intensity. Using rich...
Thomas Siedler, Silke Anger, Michael Kvasnicka
Mailand, Italien,
22.11.2010
| Centro Dondena Seminar Series
Lars Bertram, Wilfried Nietfeld, Shu-Chen Li, Lars Bäckman, Jürgen Schupp, Alessia Trovato, Elisabeth Steinhagen-Thiessen, Gert G. Wagner, Ulman Lindenberger
New Orleans, USA,
19.11.2010
- 23.11.2010| Transitions of Care across the Aging Continuum: 63rd Annual Scientific Meeting of the Gerontological Society of America (GSA)
Frank J. Infurna, Denis Gerstorf, Nilam Ram, Jürgen Schupp, Gert G. Wagner
New Orleans, USA,
19.11.2010
- 23.11.2010| Transitions of Care across the Aging Continuum: 63rd Annual Scientific Meeting of the Gerontological Society of America (GSA)
Michaela Riediger, Cornelia Wrzus, Susanne Scheibe, Gert G. Wagner, Ulman Lindenberger
New Orleans, USA,
19.11.2010
- 23.11.2010| Transitions of Care across the Aging Continuum: 63rd Annual Scientific Meeting of the Gerontological Society of America (GSA)
Gert G. Wagner, Lars Bertram, Goran Papenberg, Elisabeth Steinhagen-Thiessen, Julia K. Wolff, Ulman Lindenberger
New Orleans, USA,
19.11.2010
- 23.11.2010| Transitions of Care across the Aging Continuum: 63rd Annual Scientific Meeting of the Gerontological Society of America (GSA)