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作者：Carlin, Bruce, I; Jiang, Li; Spiller, Stephen A.
作者单位：University of California System; University of California Los Angeles; Carnegie Mellon University
摘要：The growing use of online educational content and related video services has changed the way people access education, share knowledge, and possibly make life decisions. In this paper, we characterize how video content affects individual decision making and willingness to share in the context of a personal financial decision. We find that distracting advertising curtails the time people invest in searching for the best alternative and causes worse decisions. Content geared toward giving better ...
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作者：Jiang, Chao; Kubick, Thomas R.; Miletkov, Mihail K.; Wintoki, M. Babajide
作者单位：University of South Carolina System; University of South Carolina Columbia; University of Kansas; University System Of New Hampshire; University of New Hampshire
摘要：Theory and recent empirical literature suggest that social and professional connections may influence corporate policy. However, inference may be biased by the possibility that firms who share peers also share unobserved characteristics that are correlated with observed policy. Using a novel identification strategy, we predict and find that director connections through well-known island tax havens have a significant effect on corporate tax policy. Specifically, we find that U.S. firms with dir...
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作者：Nagaraj, Abhishek
作者单位：University of California System; University of California Berkeley
摘要：While digitization has greatly increased the reuse of knowledge, this study shows how these benefits might be mitigated by copyright restrictions. I use the digitization of in-copyright and out-of-copyright issues of Baseball Digest magazine by Google Books to measure the impact of copyright on knowledge reuse in Wikipedia. I exploit a feature of the 1909 Copyright Act whereby material published before 1964 has lapsed into the public domain, allowing for the causal estimation of the impact of ...
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作者：Alok, Shashwat; Gopalan, Radhakrishnan
作者单位：Indian School of Business (ISB); Washington University (WUSTL)
摘要：Using hand-collected data on division manager (DM) pay contracts, we document that DM pay is related to the performance of both the DM's division and the other divisions in the firm. There is substantial heterogeneity in DM pay for performance. DM pay for division performance is lower in industries with less informative accounting earnings. DM pay is more sensitive to other-division performance if the DM's division is related to the rest of the firm, if the DM's division has fewer growth oppor...
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作者：Zhang, Hao; Kong, Guangwen; Rajagopalan, Sampath
作者单位：University of British Columbia; University of Minnesota System; University of Minnesota Twin Cities
摘要：We investigate the performance of two commonly used pricing schemes-hourly-rate contract and two-part tariff-in service environments where the buyer's valuation is invisible to the service provider and the provider's effort may not be visible to the buyer. In the private effort environment, we further distinguish between situations where the contract may be based on the outcome or on the effort reported by the provider. We show that under the two-part tariff, when effort is private, the provid...
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作者：Nicolaou, Nicos; Patel, Pankaj C.; Wolfe, Marcus T.
作者单位：University of Warwick; University of Cyprus; Villanova University; University of Oklahoma System; University of Oklahoma - Norman
摘要：Does testosterone increase the tendency to engage in self-employment? The results presented to date have been mixed. Using three different studies, we provide additional evidence on the relationship between testosterone and self-employment. Drawing on a cross section of 2,146 individuals (1,178 males and 968 females) from the National Health and Nutrition Examination Surveys' 2011-2012 sample, and controlling for endogeneity (with red blood cell count, percentage hematocrit, and zinc supplemen...
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作者：Bolton, Gary E.; Katok, Elena
作者单位：University of Texas System; University of Texas Dallas
摘要：What is the most credible way to convey the risk in expert forecasts to the nonexpert decision makers who use the forecast? We test two ways to communicate this information: provide an unequivocal recommendation or equivocate by providing the probability of the uncertain event of interest. We use a simple game in which human subjects (the forecast users) decide whether to take a risk of a loss or pay a cost to avoid the risk. We find that the influence of forecast information differs depending...
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作者：Baldiga, Nancy R.; Coffman, Katherine B.
作者单位：College of the Holy Cross; Harvard University
摘要：Sponsorship programs have been proposed as one way to promote female advancement in competitive career fields. A sponsor is someone who advocates for a protege, and in doing so, takes a stake in her success. We use a laboratory experiment to explore two channels through which sponsorship has been posited to increase advancement in a competitive workplace. In our setting, being sponsored provides a vote of confidence and/or creates a link between the protege's and sponsor's payoffs. We find tha...
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作者：Hirshleifer, David; Jian, Ming; Zhang, Huai
作者单位：University of California System; University of California Irvine; Nanyang Technological University
摘要：In Chinese culture, certain digits are lucky and others unlucky. We test how such numerological superstition affects financial decision in the China initial public offering (IPO) market. We find that the frequency of lucky numerical stock listing codes exceeds what would be expected by chance. Also consistent with superstition effects, newly listed firms with lucky listing codes experience inferior post-IPO abnormal returns. Further tests suggest that our conclusions are not driven by endogene...
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作者：Keck, Steffen; Tang, Wenjie
作者单位：University of Vienna; National University of Singapore; National University of Singapore
摘要：We explore the joint effects of group decision making and group gender composition on the calibration of confidence judgments. Participants in two laboratory experiments, individually and in groups of three, stated confidence interval estimates for general-knowledge questions and for financial forecasts. Across both studies, our results reveal that groups with at least one female member are significantly better calibrated than all-male groups. This effect is mediated by the extent to which gro...
