1,721,034 research outputs found
A friend is a treasure: On the interplay of social distance and monetary incentives when risk is taken on behalf of others
No full textWe study decision making on behalf of others where the profit maximizing choice is to take no risk. We investigate the effect of introducing or not monetary incentives for the decision maker (i.e. whether the decision maker's payment is fixed or variable, in other words if it depends or not on the outcome of the investment)in the presence of different levels of social distance (i.e., whether the person affected by one's decision is an unknown stranger or a friend) between who makes the decision and who is affected by it. In our setting, we find that monetary incentives do not vary the level of risk taking by the decision makers. When controlling for expected profit maximizer individuals (i.e. those who always invest zero irrespectively of the identity of the person affected by the decision), we find that variable payment leads to an increase in risk taking compared to fixed payment. Social distance reduces risk taking, increasing the expected payoff of the person affected by the decision; notably this is true irrespective of monetary incentive suggesting that social distance plays a major role in the decision making process on behalf of others
Digital currencies in financial networks
No full textWe introduce a central bank digital currency (CBDC) in the network of financial accounts. Simulating a shift of deposits by both households and non-financial corporations from the banking sector to the central bank, we model the different responses of the affected institutional sectors. We find that the introduction of CBDC generates funding shortages in banks, which may propagate to other sectors. In addition, significant adjustments in the balance sheets of all sectors trigger large moves in securities prices and induce changes in the financial network structure. Finally, we extend the analysis to the introduction of a crypto financial asset (stablecoin) issued by either a domestic or a foreign entity
A Zn(II) metallocycle as platform to assemble a 1D + 1D→1D polyrotaxane via φ...φ stacking of an ancillary ligand
No full textA new [Zn2L2] metallocycle bearing two metal centers that can coordinate ancillary ligands and a pocket suitable to host guest molecules is reported. These two features are exploited by reacting the metallocycle with a pyridine ligand to self-assemble in the solid state an extended intertwined system with the rare 1D + 1D → 1D topology. This interpenetrated architecture is supported by φ...φ stacking between two pyridine units of two different metallocycles in the pocket of a third metallocycle
Quantitative Selection of the Axially Chiral Conformation in a Flexible Dinuclear Gold(I) di(N-Heterocyclic Carbene) Complex via Chlorine Oxidative Addition
No full textAbstract: A novel dinuclear gold(II) complex with two-fold rotational symmetry 2 of general formula [Au2Cl2(diNHC)2](PF6)2 (diNHC=di(N-heterocyclic carbene)) has been obtained in quantitative yield via chlorine (in the form of PhICl2) oxidative addition to the parent gold(I) complex 1 [Au2(diNHC)2](PF6)2. The novel compound has been characterized by 1H and 13C NMR and single crystal x-ray structure analysis. The oxidation of the two gold(I) centres to gold(II), with the formation of a covalent bond between them, imposes to the complex an axis of chirality, along the Au–Au bond, leading to a chiral propeller arrangement. Graphical Abstract: Structural characterization of a novel dinuclear gold(II) complex with di(N-heterocyclic carbene) ligands, the formation of the gold(II)-gold(II) bond imposes to the complex coordination chirality.[Figure not available: see fulltext.]
Emotional Intelligence and risk taking in investment decision-making
No full textPrevious work on investment decision-making suggested that emotions prevent investors from taking risks and from investing in a rational way, whereas other work found that there is great variability in people’s ability to manage and use emotional feedbacks. We hypothesized that people with high trait emotional intelligence should be more willing, than people with low trait emotional intelligence, to accept risks when making an investment. Data supported a model in which trait emotional intelligence predicted willingness to invest both when the expected value is positive and when it is negative. The effect of trait emotional intelligence was significant even controlling for other variables, like attitude toward economic risk and money attitude. We believe that these results help improving the understanding of how emotions influence investors’ behavior and show that their role is not always detrimental but depends on the interplay between individual differences and situational factors
Effect of coordinating solvents on the structure of Cu(II)-4,4'-bipyridine coordination polymers
No full textSolvent can play a crucial role in the synthesis of coordination polymers (CPs). Here, this study reports how the coordinating solvent approach (CSA) can be used as an effective tool to control the nature of the final CP. This study exploited the system Cu(II)-4,4 '-bipyridine coupled to different coordinating solvents, such as DMA, DMF and DMSO. This allowed the isolation and structurally characterization of four new CPs: three 2D layered networks and one 1D chain. Moreover, it was evidenced that even adventitious water can play the role of the coordinating solvent in the final CP
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