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作者：Haugh, Martin B.; Singal, Raghav
作者单位：Imperial College London; Columbia University
摘要：Daily fantasy sports (DFS) is a multibillion-dollar industry with millions of annual users and widespread appeal among sports fans across a broad range of popular sports. Building on recent work, we provide a coherent framework for constructing DFS portfolios where we explicitly model the behavior of other DFS players. We formulate an optimization problem that accurately describes the DFS problem for a risk-neutral decision maker in both double-up and top-heavy payoff settings. Our formulation...
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作者：Sun, Yang
作者单位：Brandeis University
摘要：The active money management industry is characterized by both strong competitive pressure from passive investment vehicles and high fees. This paper investigates how the introduction of low-cost index funds affects fund company strategies. The retail mutual fund market is segmented, where unsophisticated investors rely on financial advisers and sophisticated ones invest directly. Exploiting the staggered entry of low-cost Vanguard index funds as competitive shocks, I show that, in response to ...
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作者：Nalebuff, Barry
作者单位：Yale University
摘要：The Nash axioms lead to different results depending on whether the negotiation is framed in terms of gains relative to no agreement or in terms of sacrifices relative to an ideal. We look for a solution that leads to the same result from both perspectives. To do so, we restrict the application of Nash's IIA axiom to bargaining sets where all options are individually rational and none exceed either party's ideal point. If we normalize the bargaining set so that the disagreement point is (0, 0) ...
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作者：Gupta, Vishal; Rusmevichientong, Paat
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作者：Ho, Emily H.; Hagmann, David; Loewenstein, George
作者单位：Fordham University; Northwestern University; Harvard University; Carnegie Mellon University
摘要：Advances in medical testing and widespread access to the internet have made it easier than ever to obtain information. Yet, when it comes to some of the most important decisions in life, people often choose to remain ignorant for a variety of psychological and economic reasons. We design and validate an information preferences scale to measure an individual's desire to obtain or avoid information that may be unpleasant but could improve future decisions. The scale measures information preferen...
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作者：Simchi-Levi, David
作者单位：Massachusetts Institute of Technology (MIT); Massachusetts Institute of Technology (MIT)
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作者：Wang, Xin; Cho, Soo-Haeng; Scheller-Wolf, Alan
作者单位：Hong Kong University of Science & Technology; Carnegie Mellon University
摘要：When a government agency considers tightening a standard on a pollutant, the agency often takes into account the proportion of firms that are able to meet the new standard (what we refer to as the industry's voluntary adoption level) because a higher proportion indicates a more feasible standard. We develop a novel model of regulation in which the probability of a stricter standard being enacted increases with an industry's voluntary adoption level. In addition, in our model, the benefit of a ...
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作者：List, John A.; Momeni, Fatemeh
作者单位：University of Chicago
摘要：This paper uses a natural field experiment to connect corporate social responsibility (CSR) to an important but often neglected behavior: employee misconduct and shirking. Through employing more than 1,500 workers, we find that our use of CSR increases employee misbehavior-24% more employees act detrimentally toward our firm by shirking on their primary job duties when we introduce CSR. Observed data patterns across the treatments are consonant with a model of moral licensing, whereby the doin...
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作者：Alexander, Damon; Boone, Christopher; Lynn, Michael
作者单位：Cornell University
摘要：A field experiment involving 94,571 orders from 24,637 customers of an appbased laundry pick-up, cleaning, and delivery service examined the effects of various randomly assigned tip recommendations on consumers' tip amounts, satisfaction ratings, frequency of return, and bill size. We find that tip recommendations affect tip amounts, but not customer satisfaction, patronage frequency, or bill size, which implies that neither the processes underlying the tip-recommendation effects on tipping no...
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作者：Wang, Shouqiang; Gurnani, Haresh; Subramanian, Upender
作者单位：University of Texas System; University of Texas Dallas; Wake Forest University
摘要：Manufacturers often offer retailers buyback contracts to reduce retailers' inventory costs by repurchasing unsold inventory at a prespecified returns price. We examine the signaling role of buyback contracts when the retailer is less informed about either the manufacturer's reliability of honoring the buyback commitment (e.g., for a small/less-established manufacturer) or its product's market potential (e.g., for a national brand manufacturer). We find that these two situations yield contrasti...
