Does an Acquiescent Response Style Explain Why Koreans are Less Consistent than Americans?

Why Are Losses Less Persistent Than Profits? Curtailments versus Conservatism

It is well documented that losses are less persistent than profits and that stock prices anticipate the lower persistence of losses. Yet the underlying explanation for these results is unclear. One explanation lies in the abandonment option, whereby firms with losses are more likely to curtail operations (e.g., Hayn 1995). Another explanation involves timely loss recognition stemming from conse...

Why Are Losses Less Persistent Than Profits? Curtailments vs. Conservatism

ABSTRACT: It is well documented that losses are less persistent than profits and that stock prices anticipate the lower persistence of losses. Yet the underlying explanation for these results is unclear. One explanation lies in the abandonment option, whereby firms with losses are more likely to curtail operations (e.g., Hayn 1995). Another explanation involves timely loss recognition stemming ...

Why women are less likely than men to commit suicide.

Major depression forms the background of upwards of half of all suicides. Women are twice as likely as men to experience major depression, yet women are one fourth as likely as men to take their own lives. Current and past explanations of this paradox are built on androcentric assumptions that women are deficient in some way. The reverse may be true where suicide is concerned. Men value indepen...

Why Is Consumption Less Volatile Than Income?

Why Are So Many Americans in Prison?

We thank the Russell Sage Foundation for their generous support of this research.