Loss Aversion and Residential Property Development Decisions in China: A Semi-Parametric Estimation

Loss aversion is a core concept in prospect theory that refers to people’s asymmetric attitudes with respect to gains and losses. More specifically, losses loom larger than gains. With the capability of loss aversion to explain economic phenomena, some of which are puzzling under expected utility theory, this concept has received significant...

CEO Overconfidence in Real Estate Markets: A Curse or A Blessing?

This paper studies the influence of CEO overconfidence on firms’ financial performance and corporate social responsibility (CSR) in the US real estate investment trust (REIT) market. CEO overconfidence has been shown to have both negative and positive influences on firms. This paper is the first to combine the two sides in a single framework. We...

On the Prevalence of Multiple-Account Cheating in Massive Open Online Learning: A replicant study

Massive Open Online Courses (MOOCs) are a promising form of online education. However, the occurrence of academic dishonesty has been threatening MOOC certificates’ effectiveness as a serious tool for recruiters and employers. Recently, a large-scale study on the log traces from more than one hundred MOOCs created by Harvard and MIT has...

Wave forces acting on a semisubmerged aquaculture fish cage