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作者：Drakopoulos, K.; Randhawa, R. S.
作者单位：University of Southern California
摘要：Information products provide agents with additional information that can be used to update actions. In many situations, access to such products can be quite limited. For instance, in epidemics, there tends to be a limited supply of medical testing kits, or tests. These tests are information products because their output of a positive or a negative answer informs individuals and authorities on the underlying state and the appropriate course of action. In this paper, using an analytical model, w...
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作者：Jain, Sanjay; Qian, Kun
作者单位：University of Texas System; University of Texas Dallas
摘要：The digital content industry is rapidly growing, and many platforms host a vast amount of content that is produced by independent producers. A major source of revenue for these platforms is advertising. However, advertising revenue depends on the number of active customers who visit the platform and enjoy content created by content producers. Therefore, major platforms provide incentives for content producers to encourage high-quality content creation. A commonly used incentive is ad revenue s...
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作者：Li, Jonathan Yu-Meng
作者单位：University of Ottawa
摘要：The theory of convex risk functions has now been well established as the basis for identifying the families of risk functions that should be used in risk-averse optimization problems. Despite its theoretical appeal, the implementation of a convex risk function remains difficult, because there is little guidance regarding how a convex risk function should be chosen so that it also well represents a decision maker's subjective risk preference. In this paper, we address this issue through the len...
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作者：Manian, Shanthi; Sheth, Ketki
作者单位：Washington State University; Washington State University; University of California System; University of California Merced
摘要：A person's success often depends on whether others believe what they say. Growing evidence suggests that people are less likely to believe statements made by women rather than men. We consider whether assertive cheap talk, an important and widely used tool for increasing credibility, is a mechanism for this gender gap. If women face negative returns to assertive cheap talk, then they have less access to an effective tool for increasing their credibility. We provide evidence using a laboratory ...
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作者：He, Ying
作者单位：University of Southern Denmark
摘要：In this paper, a two-stage evaluation (TSE) model for decision making under ambiguity is proposed. Events in state space are classified into risky and ambiguous events, which correspond to different types of uncertainty generated by different sources. In this TSE model, uncertainty of two different types are evaluated by decision maker (DM) in different stages. In the first stage, DM evaluates more uncertain consequences of an act locally by applying local subjective expected utility (SEU) mod...
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作者：Chen, Li; Papanastasiou, Yiangos
作者单位：Cornell University; University of California System; University of California Berkeley
摘要：This paper is motivated by the recent emergence of various interference tactics employed by sellers attempting to manipulate social learning. We revisit the classic model of observational social learning and extend it to allow for (i) asymmetric information on product value between the seller and the consumers and (ii) the ability of the seller to seed the observational learning process with a fake purchase, in an attempt to manipulate consumer beliefs. We examine the interaction between socia...
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作者：Donovan, John
作者单位：University of Notre Dame
摘要：I study the role of accounting and financial reporting in entrepreneurial finance by examining whether financial statement disclosure increases capital raised through equity crowdfunding. On average, I find a positive association between financial reporting and capital raised, suggesting that accounting reduces information asymmetry with potential investors. Additionally, the importance of financial reporting in equity crowdfunding varies predictably in the cross-section. Specifically, financi...
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作者：Chung, Doug J.; Kim, Byungyeon; Park, Byoung G.
作者单位：Harvard University; State University of New York (SUNY) System; University at Albany, SUNY
摘要：This study provides a comprehensive model of an agent's behavior in response to multiple sales management instruments, including compensation, recruiting/ termination, and training. The model takes into account many of the key elements that constitute a realistic sales force setting: allocation of effort, forward-looking behavior, present bias, training effectiveness, and employee selection and attrition. By understanding how these elements jointly affect agents' behavior, the study provides g...
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作者：Gillingham, Kenneth T.; Bollinger, Bryan
作者单位：Yale University; National Bureau of Economic Research; New York University
摘要：Growing literature points to the effectiveness of leveraging social interactions and nudges to spur adoption of prosocial behaviors. This study investigates a large-scale behavioral intervention designed to actively leverage social learning and peer interactions to encourage adoption of residential solar photovoltaic systems. Municipalities choose a solar installer offering group pricing and undertake an informational campaign driven by volunteer ambassadors. We find a causal treatment effect ...
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作者：Carbone, Enrica; Hey, John; Neugebauer, Tibor
作者单位：Universita della Campania Vanvitelli; University of York - UK; University of Luxembourg
摘要：The Lucas tree model [Lucas RE Jr (1978) Asset prices in an exchange economy. Econometrica 46(6):1429-1445.] lies at the heart of modern macrofinance. At its core, it provides an analysis of the equilibrium price of a long-lived asset in an exchange economy where consumption is the objective and the sole purpose of the asset is to smooth consumption through time. Experimental tests of the model use a particular instantiation of the Lucas model. Here we adopt a different instantiation to the fi...
