Stock market investment decisions of individual investors are positively correlated with stock market investment decisions of their co-workers. This holds even after accounting for plant, zip code, and stock fixed effects. Sorting of unobservably similar individuals to the same workplaces is unlikely to explain our results, as evidenced by the investment behavior of individuals that move betwee...

This paper investigates the in uence of a rm's nancial status on the withinrm allocation of funds, re ected in its plant-level investment and exit decisions. In the empirical analysis, nancial status is measured by both standard measures and an indicator variable recently suggested by Kaplan and Zingales. Based on these rm-level nancial variables and on plant-level investment and production dat...

In a pilot study, we employed a series of novel economic games to investigate the underexplored behavioral aspects of security investment decisions and security investment structure decisions (i.e., budgeting the security expenditure among different types of security measures). In our study, decision makers exhibited a bias toward investing in prevention even though investing in detection and r...