Belief Updating and Financial Decisions under Asymmetric Information

2009 ◽  
Author(s):  
Ruxing Xu ◽  
Dan Wu ◽  
Shenghong Li
Keyword(s):  
Asymmetric Information ◽  
Belief Updating ◽  
Financial Decisions

scholarly journals Financial manager decisions in small and medium Tunisian firms

2009 ◽  
Vol 6 (3) ◽  
pp. 450-464
Author(s):  
Salah Ben Hamad
Keyword(s):  
Quantitative Analysis ◽  
Asymmetric Information ◽  
Empirical Evidence ◽  
Exploratory Analysis ◽  
Agency Conflicts ◽  
Financing Decision ◽  
Financial Decisions ◽  
Behavioural Aspects ◽  
Medium Firms

The agency framework has shifted research in the theory of finance from the traditional quantitative analysis towards a richer analysis that incorporates the behavioural aspects. In this paper we implement an exploratory analysis in order to pick up the behaviour of the managers of small and medium firms (SMF) in financial decisions making. An Important finding in our research is that the traditional Modigliani and Miller framework cannot be merely translated to analyse the financing decision in a context of asymmetric information and agency conflicts among the different corporate actors. Empirical evidence is performed on a sample of Tunisian SMF

Bayesian belief updating after a replication experiment

2018 ◽  
Vol 41 ◽  
Author(s):  
Alex O. Holcombe ◽  
Samuel J. Gershman
Keyword(s):  
Confirmation Theory ◽  
Bayesian Confirmation Theory ◽  
Belief Updating ◽  
Original Experiment ◽  
Bayesian Confirmation ◽  
Replication Experiment

AbstractZwaan et al. and others discuss the importance of the inevitable differences between a replication experiment and the corresponding original experiment. But these discussions are not informed by a principled, quantitative framework for taking differences into account. Bayesian confirmation theory provides such a framework. It will not entirely solve the problem, but it will lead to new insights.

Choosing for you: Diminished self–other discrepancies in financial decisions under risk in the elderly.

2018 ◽  
Vol 33 (6) ◽  
pp. 871-891 ◽  
Author(s):  
Narun Pornpattananangkul ◽  
Bing Cai Kok ◽  
Jingwen Chai ◽  
Yi Huang ◽  
Lei Feng ◽  
...  
Keyword(s):  
The Elderly ◽  
Financial Decisions ◽  
Decisions Under Risk
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