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dc.contributor.authorKiss, Hubert J.
dc.contributor.authorRodríguez Lara, Ismael
dc.contributor.authorRosa García, Alfonso
dc.date.accessioned2018-05-21T14:48:57Z
dc.date.available2018-05-21T14:48:57Z
dc.date.issued2018-01
dc.identifier.citationKiss, H. J.; Rodríguez Lara, I.; Rosa García, A. (2018), Panic bank runs, Economics Letters, 162, 146-149.es
dc.identifier.issn0165-1765
dc.identifier.urihttp://hdl.handle.net/10952/3234
dc.description.abstractWe provide experimental evidence that panic bank runs occur in the absence of problems with fundamentals and coordination failures among depositors, the two main culprits identified in the literature. Depositors withdraw when they observe that others do so, even when theoretically they should not. Our findings suggest that panic also manifests itself in the beliefs of depositors, who overestimate the probability that a bank run is underway. Loss-aversion has a predictive power on panic behavior, while risk or ambiguity aversion do not.es
dc.language.isoenes
dc.publisherElsevieres
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 Internacional*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.titlePanic bank runses
dc.typearticlees
dc.rights.accessRightsopenAccesses
dc.journal.titleEconomics Letterses
dc.volume.number162es
dc.description.disciplineAdministración y Dirección de Empresases


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