Loonies Under Your Bed: Misdirected Attention and the Diluted Value of Stock Market Reports
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Menzie Chinn & Jeffrey A. Frankel, 2007.
"Will the Euro Eventually Surpass the Dollar as Leading International Reserve Currency?,"
NBER Chapters, in: G7 Current Account Imbalances: Sustainability and Adjustment, pages 283-338,
National Bureau of Economic Research, Inc.
- Menzie Chinn & Jeffrey Frankel, 2005. "Will the Euro Eventually Surpass the Dollar as Leading International Reserve Currency?," NBER Working Papers 11510, National Bureau of Economic Research, Inc.
- Chinn, Menzie David & Frankel, Jeffrey A., 2006. "Will the Euro Eventually Surpass the Dollar As Leading International Reserve Currency?," Santa Cruz Department of Economics, Working Paper Series qt4hz4n9pb, Department of Economics, UC Santa Cruz.
- Chinn, Menzie David & Frankel, Jeffrey A., 2006. "Will the Euro Eventually Surpass the Dollar As Leading International Reserve Currency?," Santa Cruz Center for International Economics, Working Paper Series qt4hz4n9pb, Center for International Economics, UC Santa Cruz.
- Chinn, Menzie & Frankel, Jeffrey, 2005. "Will the Euro Eventually Surpass the Dollar as Leading International Reserve Currency?," Working Paper Series rwp05-064, Harvard University, John F. Kennedy School of Government.
- Chinn, Menzie David & Frankel, Jeffrey A., 2005. "Will the Euro Eventually Surpass the Dollar as Leading International Reserve Currency?," Center for Global, International and Regional Studies, Working Paper Series qt6p4215w1, Center for Global, International and Regional Studies, UC Santa Cruz.
- David Dodge, 2002. "The Interaction Between Monetary and Fiscal Policies," Canadian Public Policy, University of Toronto Press, vol. 28(2), pages 187-201, June.
- Bettman, James R & Kakkar, Pradeep, 1977. "Effects of Information Presentation Format on Consumer Information Acquisition Strategies," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 3(4), pages 233-240, March.
- Xavier Gabaix & David Laibson & Guillermo Moloche & Stephen Weinberg, 2006. "Costly Information Acquisition: Experimental Analysis of a Boundedly Rational Model," American Economic Review, American Economic Association, vol. 96(4), pages 1043-1068, September.
- James Poterba & Joshua Rauh & Steven Venti & David Wise, 2007.
"Defined Contribution Plans, Defined Benefit Plans, and the Accumulation of Retirement Wealth,"
NBER Chapters, in: Public Policy and Retirement, Trans-Atlantic Public Economics Seminar (TAPES), pages 2062-2086,
National Bureau of Economic Research, Inc.
- Poterba, James & Rauh, Joshua & Venti, Steven & Wise, David, 2007. "Defined contribution plans, defined benefit plans, and the accumulation of retirement wealth," Journal of Public Economics, Elsevier, vol. 91(10), pages 2062-2086, November.
- James Poterba & Joshua Rauh & Steven Venti & David Wise, 2006. "Defined Contribution Plans, Defined Benefit Plans, and the Accumulation of Retirement Wealth," NBER Working Papers 12597, National Bureau of Economic Research, Inc.
- Rupert Sausgruber & Jean-Robert Tyran, 2005.
"Testing the Mill hypothesis of fiscal illusion,"
Public Choice, Springer, vol. 122(1), pages 39-68, January.
- Rupert Sausgruber & Jean-Robert Tyran, "undated". "Testing the Mill hypothesis of fiscal illusion," Discussion Papers 04-18, University of Copenhagen. Department of Economics, revised Sep 2004.
- Herbert A. Simon, 1955. "A Behavioral Model of Rational Choice," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 69(1), pages 99-118.
- Sirkka L. Jarvenpaa, 1989. "The Effect of Task Demands and Graphical Format on Information Processing Strategies," Management Science, INFORMS, vol. 35(3), pages 285-303, March.
- Randolph B. Cohen & Christopher Polk & Tuomo Vuolteenaho, 2005.
"Money Illusion in the Stock Market: The Modigliani-Cohn Hypothesis,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 120(2), pages 639-668.
- Randolph B. Cohen & Christopher Polk & Tuomo Vuolteenaho, 2005. "Money Illusion in the Stock Market: The Modigliani-Cohn Hypothesis," NBER Working Papers 11018, National Bureau of Economic Research, Inc.
- Stefano DellaVigna & Joshua M. Pollet, 2005. "Attention, Demographics, and the Stock Market," NBER Working Papers 11211, National Bureau of Economic Research, Inc.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Lupia, Arthur & Krupnikov, Yanna & Levine, Adam Seth & Grafstrom, Cassandra & MacMillan, William & McGovern, Erin, 2008.
"How “Point Blindness” Dilutes the Value of Stock Market Reports,"
MPRA Paper
9612, University Library of Munich, Germany.
- Lupia, Arthur & Grafstrom, Cassandra & Krupnikov, Yanna & Levine, Adam Seth & MacMillan, William & McGovern, Erin, 2008. "How “Point Blindness” Dilutes the Value of Stock Market Reports," MPRA Paper 8191, University Library of Munich, Germany.
- Lupia, Arthur & Krupnikov, Yanna & Levine, Adam Seth & Grafstrom, Cassandra & MacMillan, William & McGovern, Erin, 2008. "How “Point Blindness” Dilutes the Value of Stock Market Reports," MPRA Paper 9604, University Library of Munich, Germany.
- Raj Chetty & Adam Looney & Kory Kroft, 2009.
"Salience and Taxation: Theory and Evidence,"
American Economic Review, American Economic Association, vol. 99(4), pages 1145-1177, September.
- Raj Chetty & Adam Looney & Kory Kroft, 2007. "Salience and Taxation: Theory and Evidence," NBER Working Papers 13330, National Bureau of Economic Research, Inc.
- Raj Chetty & Kory Kroft & Adam Looney, 2009. "Salience and taxation: theory and evidence," Finance and Economics Discussion Series 2009-11, Board of Governors of the Federal Reserve System (U.S.).
- Looney, Adam & Kroft, Kory & Chetty, Raj, 2009. "Salience and Taxation: Theory and Evidence," Scholarly Articles 9748525, Harvard University Department of Economics.
- Andrew Caplin & Mark Dean & Daniel Martin, 2011. "Search and Satisficing," American Economic Review, American Economic Association, vol. 101(7), pages 2899-2922, December.
- Martinovici, A., 2019. "Revealing attention - how eye movements predict brand choice and moment of choice," Other publications TiSEM 7dca38a5-9f78-4aee-bd81-c, Tilburg University, School of Economics and Management.
- Samek, Anya & Hur, Inkyoung & Kim, Sung-Hee & Yi, Ji Soo, 2016.
"An experimental study of the decision process with interactive technology,"
Journal of Economic Behavior & Organization, Elsevier, vol. 130(C), pages 20-32.
- Inkyoung Hur & Sung-Hee Kim & Anya Samek & Ji Soo Yi, 2015. "An Experimental Study of Decision Process with Interactive Technology," Artefactual Field Experiments 00427, The Field Experiments Website.
- Stefano DellaVigna, 2009.
"Psychology and Economics: Evidence from the Field,"
Journal of Economic Literature, American Economic Association, vol. 47(2), pages 315-372, June.
- Stefano DellaVigna, 2007. "Psychology and Economics: Evidence from the Field," NBER Working Papers 13420, National Bureau of Economic Research, Inc.
- Blumkin, Tomer & Ruffle, Bradley J. & Ganun, Yosef, 2012.
"Are income and consumption taxes ever really equivalent? Evidence from a real-effort experiment with real goods,"
European Economic Review, Elsevier, vol. 56(6), pages 1200-1219.
- Blumkin, Tomer & Ruffle, Bradley J. & Ganun, Yosef, 2007. "Are Income and Consumption Taxes Ever Really Equivalent? Evidence from a Real-Effort Experiment with Real Goods," MPRA Paper 6479, University Library of Munich, Germany.
- Blumkin, Tomer & Ruffle, Bradley & Ganun, Yosef, 2010. "Are Income and Consumption Taxes Ever Really Equivalent? Evidence from a Real-Effort Experiment with Real Goods," IZA Discussion Papers 5145, Institute of Labor Economics (IZA).
- Tomer Blumkin & Bradley J. Ruffle & Yosef Ganun, 2008. "Are Income and Consumption Taxes Ever Really Equivalent? Evidence from a Real-Effort Experiment with Real Goods," Working Papers 0801, Ben-Gurion University of the Negev, Department of Economics.
- Tomer Blumkin & Bradley J. Ruffle & Yosef Ganun, 2008. "Are Income and Consumption Taxes ever really Equivalent? Evidence from a Real-Effort Experiment with Real Goods," CESifo Working Paper Series 2194, CESifo.
- Kashaev, Nail & Aguiar, Victor H., 2022.
"A random attention and utility model,"
Journal of Economic Theory, Elsevier, vol. 204(C).
- Nail Kashaev & Victor H. Aguiar, 2021. "A Random Attention and Utility Model," Papers 2105.11268, arXiv.org, revised May 2022.
- Nail Kashaev & Victor H. Aguiar, 2022. "A Random Attention and Utility Model," University of Western Ontario, Departmental Research Report Series 20223, University of Western Ontario, Department of Economics.
- Andrea Morone & Francesco Nemore & Simone Nuzzo, 2018.
"Experimental evidence on tax salience and tax incidence,"
Journal of Public Economic Theory, Association for Public Economic Theory, vol. 20(4), pages 582-612, August.
- Morone, Andrea & Nemore, Francesco & Nuzzo, Simone, 2016. "Experimental Evidence on Tax Salience and Tax Incidence," EconStor Preprints 146916, ZBW - Leibniz Information Centre for Economics.
- Morone, Andrea & Nemore, Francesco & Nuzzo, Simone, 2016. "Experimental evidence on tax salience and tax incidence," Kiel Working Papers 2062, Kiel Institute for the World Economy (IfW Kiel).
- Morone, Andrea & Nemore, Francesco & Nuzzo, Simone, 2018. "Experimental Evidence on Tax Salience and Tax Incidence," MPRA Paper 85044, University Library of Munich, Germany.
- Morone, Andrea & Nemore, Francesco & Nuzzo, Simone, 2016. "Experimental Evidence on Tax Salience and Tax Incidence," MPRA Paper 74319, University Library of Munich, Germany.
- Song Lin & Juanjuan Zhang & John R. Hauser, 2015. "Learning from Experience, Simply," Marketing Science, INFORMS, vol. 34(1), pages 1-19, January.
- Pantelis P. Analytis & Amit Kothiyal & Konstantinos Katsikopoulos, 2014. "Multi-attribute utility models as cognitive search engines," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 9(5), pages 403-419, September.
- Matthias Weber & Arthur Schram, 2017.
"The Non‐equivalence of Labour Market Taxes: A Real‐effort Experiment,"
Economic Journal, Royal Economic Society, vol. 127(604), pages 2187-2215, September.
- Matthias Weber & Arthur Schram, 2013. "The Non-Equivalence of Labor Market Taxes: A Real-Effort Experiment," Tinbergen Institute Discussion Papers 13-030/I, Tinbergen Institute.
- Hongbo Ye & Hai Yang, 2017. "Rational Behavior Adjustment Process with Boundedly Rational User Equilibrium," Transportation Science, INFORMS, vol. 51(3), pages 968-980, August.
- Martin G. Kocher & David Schindler & Stefan T. Trautmann & Yilong Xu, 2019.
"Risk, time pressure, and selection effects,"
Experimental Economics, Springer;Economic Science Association, vol. 22(1), pages 216-246, March.
- Kocher, Martin & Schindler, David & Trautmann, Stefan & Xu, Yilong, 2018. "Risk, Time Pressure, and Selection Effects," Rationality and Competition Discussion Paper Series 84, CRC TRR 190 Rationality and Competition.
- Kocher, Martin G. & Schindler, David & Trautmann, Stefan T. & Xu, Yilong, 2018. "Risk, Time Pressure, and Selection Effects," Economics Series 339, Institute for Advanced Studies.
- V. Rattini, 2016. "Managing the Workload: an Experiment on Individual Decision Making and Performance," Working Papers wp1080, Dipartimento Scienze Economiche, Universita' di Bologna.
- Shaun Larcom & Ferdinand Rauch & Tim Willems, 2017.
"The Benefits of Forced Experimentation: Striking Evidence from the London Underground Network,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 132(4), pages 2019-2055.
- Ferdinand Rauch & Shaun Larcom & Tim Willems, 2015. "The Benefits of Forced Experimentation: Striking Evidence from the London Underground Network," Economics Series Working Papers 755, University of Oxford, Department of Economics.
- Willems, Tim & Rauch, Ferdinand & Larcom, Shaun, 2015. "The Benefits of Forced Experimentation: Striking Evidence from the London Underground Network," CEPR Discussion Papers 10854, C.E.P.R. Discussion Papers.
- Larcom, Shaun & Rauch, Ferdinand & Willems, Tim, 2015. "The benefits of forced experimentation: strikingevidence from the London Underground network," LSE Research Online Documents on Economics 63832, London School of Economics and Political Science, LSE Library.
- Shaun Larcom & Ferdinand Rauch & Tim Willems, 2015. "The Benefits of Forced Experimentation: Striking Evidence from the London Underground Network," CEP Discussion Papers dp1372, Centre for Economic Performance, LSE.
- Yuval Salant & Jörg L. Spenkuch, 2021. "Complexity and Choice," CESifo Working Paper Series 9239, CESifo.
- Lior Fink & Daniele Papismedov, 2023. "On the Same Page? What Users Benefit from a Desktop View on Mobile Devices," Information Systems Research, INFORMS, vol. 34(2), pages 423-441, June.
- Chavas, Jean-Paul & Barham, Bradford, 2007.
"On the Microeconomics of Diversification under Uncertainty and Learning,"
Staff Paper Series
515, University of Wisconsin, Agricultural and Applied Economics.
- Chavas, Jean-Paul & Barham, Bradford L., 2007. "On the Microeconomics of Diversification under Uncertainty and Learning," Staff Papers 92141, University of Wisconsin-Madison, Department of Agricultural and Applied Economics.
- repec:cup:judgdm:v:9:y:2014:i:5:p:403-419 is not listed on IDEAS
- Patrick Bolton & Antoine Faure-Grimaud, 2009.
"Thinking Ahead: The Decision Problem,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 76(4), pages 1205-1238.
- Patrick Bolton & Antoine Faure-Grimaud, 2005. "Thinking Ahead: The Decision Problem," NBER Working Papers 11867, National Bureau of Economic Research, Inc.
More about this item
Keywords
stock market; money illusion; fiscal policy; information; learning; exchange rate;All these keywords.
JEL classification:
- E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
- A20 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - General
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:4912. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.