This research looks into the possibility of bringing together two distinct and empirically successful areas of behavioural economics; regret aversion and quasi-hyperbolic discounting. Standard regret aversion theory (Loomes and Sugden 1982, Bell 1982) operates in a world of uncertainty, where regret aversion arises due to the possibility of, having made an initial choice, a more preferable opti...

We estimate various SVAR models for the US in order to assess the importance of fundamental shocks in explaining stock price movements. The results show that models using real activity variables place more weight on fundamental shocks than models using dividends or earnings. However, according to all models fundamental shocks became substantially less important during the period 1982-2002 if co...

Research thrives – indeed can hardly do without – data. It is the raw information upon which better understanding, and better knowledge is based. Indeed one whole assumption underpinning some visions of Electronic Government – such as Wiki-Gov – is the idea that data which has been collected for a specific government task can be re-used in ways which further public service goals through citizen...