Decision making in risky situations is frequently required in our everyday lives and has been shown to be influenced by various factors, some of which are independent of the risk context. Based on previous findings and theories about the central role of perceptions of control and their impact on subsequent settings, spillover effects of subjective loss of control on risky decision-making are as...

Crowdfunding has emerged alongside the IT development. It is believed that overwhelmingly successful projects, blockbusters, would have significant impacts on the overall crowdfunding platform. However, there are notable limitations in previous studies. First, we consider how the advent of blockbusters impact according to the projects’ similarity with inside and outside clusters, rather than pr...

LEVERAGE AND LIQUIDITY: EVIDENCE FROM THE CLOSED-END FUND INDUSTRY BY YUEHUA TANG APRIL 19, 2013 Committee Chair: VIKAS AGARWAL Major Academic Unit: YUEHUA TANG This paper uses the February 2008 auction rate security (ARS) market freeze to examine the spillover effects of an exogenous funding liquidity shock on the underlying asset markets. Consistent with theory, I find that the stocks held by...

In this paper we provide a nonparametric treatment of identification in models with social spillovers. We consider a setting with ‘high’ and ‘low’ type individuals. Individual outcomes depend upon the fraction of high types in one’s group. We refer to this dependence as a social spillover or peer group effect. We define estimands measuring local and global spillover strength as well as the outc...

We examine changes in equity mutual funds’’ investment advisory contracts. There are substantial advisory compensation rate changes in both directions, with typical percentage rate shifts exceeding one-fourth. We find that rate increases are associated with superior past marketadjusted performance, whereas rate decreases reflect economies of scale associated with growth, and are not associated ...

Abstract Brands allocate their social media advertising across multiple platforms such as Facebook, Twitter, Instagram, and YouTube. Because consumers use media, brand communications on one platform could generate engagement within the same (direct effects) potentially impact with other (spillover effects). Additionally, past a post sustain into future, thereby improving longevity of posts (car...

The value of no-take marine reserves as fisheries-management tools is controversial, particularly in high-poverty areas where human populations depend heavily on fish as a source of protein. Spillover, the net export of adult fish, is one mechanism by which no-take marine reserves may have a positive influence on adjacent fisheries. Spillover can contribute to poverty alleviation, although its ...