Credit market freedom and cost efficiency in US state banking
Chortareas, Georgios ; Kapetanios, George ; Ventouri, Alexia
Journal of Empirical Finance, June 2016, Vol.37, pp.173-185 [Peer Reviewed Journal]
1987-2012
cost efficiency scoring
banks operating in states that enjoy a higher degree of economic freedom are more cost efficient
Greater independence in financial and banking markets from government controls can result in higher bank efficiency
Saturday, 25 March 2017
Saturday, 18 March 2017
Notes on "Capital market liberalization and development / edited by José Antonio Ocampo and Joseph E. Stiglitz." (by Joseph E Stiglitz; José Antonio Ocampo)
Capital market liberalization and development / edited by José Antonio Ocampo and Joseph E. Stiglitz.
Joseph E Stiglitz; José Antonio Ocampo
Oxford : Oxford University Press 2008
Joseph E Stiglitz; José Antonio Ocampo
Oxford : Oxford University Press 2008
Saturday, 11 March 2017
Notes on "Explaining the Gender Wealth Gap" (Ruel, Erin ; Hauser, Robert)
Explaining the Gender Wealth Gap
Ruel, Erin; Hauser, Robert
Demography, 2013, Vol.50(4), pp.1155-1176 [Peer Reviewed Journal]
Human-capital formation increased the gap between never-married men and women.
a lack of power as an explanation for the gender wealth gap for married groups
Ruel, Erin; Hauser, Robert
Demography, 2013, Vol.50(4), pp.1155-1176 [Peer Reviewed Journal]
Human-capital formation increased the gap between never-married men and women.
a lack of power as an explanation for the gender wealth gap for married groups
Saturday, 4 March 2017
Notes on “The influence of contextual reward statistics on risk preference" (by Rigoli, F; Rutledge, RB; Dayan, P; Dolan, RJ)
The influence of contextual reward statistics on risk preference
Rigoli, F; Rutledge, RB; Dayan, P; Dolan, RJ
Neuroimage , 128 pp. 74-84. (2016)
2016-03
Context dramatically affects value-based choice
ventral tegmental area/substantia nigra VTA/SN
ventral striatum VST
reward prediction error RPE
Previous observations have shown that the degree of behavioural loss aversion is connected with the individual strength of VST activation for gains compared to losses
Substantial evidence implicates the anterior insula in representing stimulus salience as activity in this region can increase for both reward and punishment
"In sum, our findings show that choice behaviour adapts to the temporal contextual reward distribution and that VTA/SN response is linked with this adaptation process. This is in line with evidence that human preferences are often inconsistent across situations, but at the same time suggests such inconsistencies might be adaptive to environmental demands. This raises an intriguing possibility that syndromes characterized by dysfunctional decision-making, such as drug abuse and mood and anxiety disorders, might be linked to impairments in adapting choice strategies to context."
Rigoli, F; Rutledge, RB; Dayan, P; Dolan, RJ
Neuroimage , 128 pp. 74-84. (2016)
2016-03
Context dramatically affects value-based choice
ventral tegmental area/substantia nigra VTA/SN
ventral striatum VST
reward prediction error RPE
Previous observations have shown that the degree of behavioural loss aversion is connected with the individual strength of VST activation for gains compared to losses
Substantial evidence implicates the anterior insula in representing stimulus salience as activity in this region can increase for both reward and punishment
"In sum, our findings show that choice behaviour adapts to the temporal contextual reward distribution and that VTA/SN response is linked with this adaptation process. This is in line with evidence that human preferences are often inconsistent across situations, but at the same time suggests such inconsistencies might be adaptive to environmental demands. This raises an intriguing possibility that syndromes characterized by dysfunctional decision-making, such as drug abuse and mood and anxiety disorders, might be linked to impairments in adapting choice strategies to context."
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