Related papers: Culture and the disposition effect
Hofstede's six cultural dimensions make it possible to measure the culture of countries but are criticized for assuming the homogeneity of each country. In this paper, we propose two measures based on Hofstede's cultural dimensions which…
We analyze export data aggregated at world global level of 219 classes of products over a period of 39 years. Our main goal is to set up a dynamical model to identify and quantify plausible mechanisms by which the evolutions of the various…
Cyber security incidents are increasing and humans play an important role in reducing their likelihood and impact. We identify a skewed focus towards technical aspects of cyber security in the literature, whereas factors influencing the…
Extensive research shows that consumers are generally averse to price discrimination. However, instruments of differential pricing can benefit consumer surplus and alleviate inequity through targeted price discounts. This paper examines how…
National culture is among those societal factors which could influence research and innovation activities. In this study, we investigated the associations of two national culture models with citation impact of nations (measured by the…
Stratifying factors, like age and gender, can modify the effect of treatments and exposures on risk of a studied outcome. Several effect measures, including the relative risk, hazard ratio, odds ratio, and risk difference, can be used to…
This paper examines how outcome modality in intertemporal choice influences time preferences and whether the process differs across cultures, specifically Japan and the United States. Uni-modal choices are those when the outcomes being…
The diversity in wealth and social status is present not only among humans, but throughout the animal world. We account for this observation by generating random variables that determ ine the social diversity of players engaging in the…
Consumption practices are determined by a combination of economic, social, and cultural forces. We posit that lower economic constraints leave more room to diversify consumption along cultural and social aspects in the form of omnivorous or…
Divergent word usages reflect differences among people. In this paper, we present a novel angle for studying word usage divergence -- word interpretations. We propose an approach that quantifies semantic differences in interpretations among…
Social fragmentation caused by widening differences among constituents has recently become a highly relevant issue to our modern society. Theoretical models of social fragmentation using the adaptive network framework have been proposed and…
What role does culture play in determining institutions in a country? This paper argues that the establishment of institutions is a process originating predominantly in a nation's culture and tries to discern the role of a cultural…
We exploit the new country-by-country reporting data of multinational corporations, with unparalleled country coverage, to reveal the distributional consequences of profit shifting. We estimate that multinational corporations worldwide…
Selection shapes all kinds of behaviors, including how we make decisions under uncertainty. The risk attitude reflected from it should be simple, flexible, yet consistent. In this paper we engaged evolutionary dynamics to find the decision…
Financial literacy and financial education are important components of modern life. The importance of financial literacy is increasing for financial consumers because of the weakening of both government and employer-based retirement…
There are few papers about the international trade of flowers, so it is believed that this paper, with this topic, could be an important contribution to the international scientific community. It is intended to analyze if the international…
This study models cross-national attitudes towards immigrants in East and Southeast Asia as a signed and weighted bipartite network of countries and evaluative reactions to a variety of political issues, or determinants. This network is…
Research on how humans perceive aesthetics in shapes, colours, and music has predominantly focused on Western populations, limiting our understanding of how cultural environments shape aesthetic preferences. We present a large-scale…
This paper shows that disregarding the information effects around the European Central Bank monetary policy decision announcements biases its international spillovers. Using data from 23 economies, both Emerging and Advanced, I show that…
We are living in an uncertain and dynamically changing world, where optimal decision-making under uncertainty is directly linked to the survival of species. However, evolutionary selection pressures that shape value-based decision-making…