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Crises and prices: information aggregation, multiplicity, and volatility

Article Abstract:

The role of endogenous information in crises is analyzed by using faulty information regarding a financial market in a coordination game. Understanding of volatility and multiplicity in coordination-crucial events is sought.

Author: Angeletos, George-Marios, Werning, Ivan
Publisher: American Economic Association
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2006
Evaluation, Information management, Information accessibility, Financial crises, Volatility (Finance), Multiplicity (Philosophy)

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A new method of estimating risk aversion

Article Abstract:

Relative risk aversion was estimated using information regarding labor supply behavior. Issues on decreasing marginal utility are discussed, focusing on concerns in risk aversion and effects of wages.

Author: Chetty, Raj
Publisher: American Economic Association
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2006
Labor Distribution by Employer, Usage, Behavior, Statistics, Labor supply, Labor force, Labour force, Marginal utility, Risk aversion

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Paying not to go the gym

Article Abstract:

Membership fluctuation in fitness clubs in the United States is evaluated.

Author: Malmendier, Ulrike, Vigna, Sterfano Della
Publisher: American Economic Association
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2006
HEALTH SERVICES, All Other Miscellaneous Ambulatory Health Care Services, Physical Fitness Programs, PERSONAL SERVICES, Membership, Personal care industry, Gymnasiums, Industry forecasts

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Subjects list: United States, Economic aspects, Forecasts and trends, Market trend/market analysis
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