In labor markets, some individuals have, or believe to have, less data on the determinants of success than others, e.g., due to differential access to technology or role models. We provide experimental evidence on how informational differences translate into performance differences in competitive environments. In a laboratory tournament setting, we varied subjects’ information about the potenti...

This paper presents the principle of multimodal and multi-informational neuronavigation as well as the data fusion environment we have developed for these techniques. Our fusion environment supports the planning step and includes registration, segmentation, 3D visualisation as well as data browsing and interaction tools. We provide a neuronavigation system with relevant information for the perf...

We are the first to evaluate the impact of the trading floor closure on the corresponding efficiency of the stock price formation process on the Toronto Stock Exchange (TSX). Utilizing short-horizon return predictability as an inverse indicator of market efficiency, we demonstrate that while the switch to all electronic trading resulted in higher trading activity and lower trading costs, the in...

Survey based measures of inflation expectations are not informationally efficient yet carry important information about future inflation. This paper explores the economic significance of informational inefficiencies of survey expectations. A model selection algorithm is applied to the inflation expectations of households and professionals using a large panel of macroeconomic data. The expectati...

We investigate the impact of bank loan announcements on borrower value during the recent boom and bust cycle of the 2000’s using a sample of 253 large loans to French borrowers. We find no significant stock market reaction to bank loan announcements during the boom period but a significant and negative one during the financial crisis. Hence, although we document significant changes in ...

We consider a multi-period rational expectations model in which risk-averse investors differ in their information on past transaction prices (the ticker). Some investors (insiders) observe prices in real-time whereas other investors (outsiders) observe prices with a delay. As prices are informative about the asset payoff, insiders get a strictly larger expected utility than outsiders. Yet, info...

Twenty first century leaders in all sectors, private, public and not-profit, are declaring and emphasising the role of effective and strategic internal communication to the success of the organisation. This paper briefly positions internal communication and within its scope, analyses the marketing, advertising and public relations components of marketing communication towards an integrated fram...

the purpose of this research was to study the organizational justice factors (distributive justice of tasks, distributive justice of rewards, procedural justice, interpersonal justice, informational justice) in national olympic and paralympics academy (nopa). statistical population of this research included all employees of nopa and the statistical sample equaled the statistical population (n=5...