Abstract This paper tests costly attention models of consumers’ misreaction to opaque taxes. We report an online shopping experiment that involves shrouded sales taxes are exogenously varied within consumer over time. Some consumers systematically underreact while others overreact, but higher stakes decrease both under- and overreaction. is consistent with using heterogeneous rules thumb comput...

This article studies how electoral processes and internal factors of the Ecuadorian economy affect dynamics country’s business expectations. The hypothesis that free market socialist political models in an generate different reactions expectations agents, according to prevailing macroeconomic context, is tested. empirical analysis based on time series tools quarterly data between 2006 2021. res...

Warranted or otherwise, until 2016, the U.K. government had a reputation for stability, competence, and reliability that was grounded on normative guardrails, which prevented extremism overreaction. Moreover, people were stereotyped (rightly otherwise) as fair, honest, stoic, if rather quaint bit dull, but (supporters of national soccer team aside) at least it could be assumed they would “act l...

Based on the characteristics of investor behavior, this article analyzes impact institutional investors and sentiment liquidity, profitability stability capital market, overreaction market. Through multiple regression analysis, it is verified that holding ratio has a significantly negative relationship with turnover rate funds, positive annual return fund volatility fund. Investor shows correla...