First Author:   Raphael Franck Bar Ilan University franckr@mail.biu.ac.il   Bar Ilan University, Department of Economics Ramat Gan, 52900, Israel       Second Author: Samia Tavares Rochester Institute of Technology samia.tavares@rit.edu   Rochester Institute of Technology, Department of Economics, 92 Lomb Memorial Drive Rochester, 14623-5604, USA