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作者：Dietvorst, Berkeley J.; Simmons, Joseph P.; Massey, Cade
作者单位：University of Chicago; University of Pennsylvania
摘要：Although evidence-based algorithms consistently outperform human forecasters, people often fail to use them after learning that they are imperfect, a phenomenon known as algorithm aversion. In this paper, we present three studies investigating how to reduce algorithm aversion. In incentivized forecasting tasks, participants chose between using their own forecasts or those of an algorithm that was built by experts. Participants were considerably more likely to choose to use an imperfect algorit...
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作者：Joe, Denis Yongmin; Oh, Frederick Dongchuhl
作者单位：Korea Advanced Institute of Science & Technology (KAIST)
摘要：We examine the spillover effects that occur within Korean business groups (i.e., chaebols) by focusing on the market reactions of event firms to announcements of credit rating changes. We find that there are positive spillovers (caused by positive market reactions) and negative spillovers (caused by negative market reactions) that are driven by the market reactions of event firms. Our analyses indicate that negative spillovers are more dominant than positive spillovers. Moreover, a spillover t...
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作者：Adams, Renee; Diether, Karl; Giesecke, Kay; Manso, Gustavo; Piskorski, Tomasz; Shumway, Tyler
作者单位：University of New South Wales Sydney; Brigham Young University; Stanford University; University of California System; University of California Berkeley; Columbia University; University of Michigan System; University of Michigan
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作者：Chan, Tian Heong; Mihm, Jurgen; Sosa, Manuel E.
作者单位：Emory University; INSEAD Business School; INSEAD Business School
摘要：Products combine function and form. This paper focuses on product form. We combine state-of-the-art clustering techniques with experimental validation to identify styles (groupings of new product designs of similar form) among the more than 350,000 U.S. design patents granted from 1977 through 2010. Thus we compile, for the first time, a rich data set of styles that can serve as an empirical platform for a rigorous study of the role played by product form in new product development. Building o...
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作者：Cosguner, Koray; Chan, Tat Y.; Seetharaman, P. B. (Seethu)
作者单位：University System of Georgia; Georgia State University; Washington University (WUSTL)
摘要：We advance the literature on dynamic oligopoly pricing models in the presence of switching costs by additionally modeling the strategic pricing role of the retailer within the distribution channel. In doing this, we study the relative dynamic pricing implications of how current retail and wholesale prices for a brand must optimally take into account past and future demand, respectively, for the brand. Using scanner data from the cola market, we find that while the retailer exploits the benefit...
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作者：Dai, Zhixin; Galeotti, Fabio; Villeval, Marie Claire
作者单位：Renmin University of China; Centre National de la Recherche Scientifique (CNRS); Ecole Normale Superieure de Lyon (ENS de LYON); Universite Claude Bernard Lyon 1; Universite Jean Monnet; Universite Lyon 2; IZA Institute Labor Economics; University of Innsbruck
摘要：We conduct an artefactual field experiment using a diversified sample of passengers of public transportation to study attitudes toward dishonesty. We find that the diversity of behavior in terms of (dis) honesty in laboratory tasks and in the field correlate. Moreover, individuals who have just been fined in the field behave more honestly in the lab than the other fare dodgers, except when context is introduced. Overall, we show that simple tests of dishonesty in the lab can predict moral firm...
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作者：Jeziorski, Przemyslaw; Moorthy, Sridhar
作者单位：University of California System; University of California Berkeley; University of Toronto
摘要：Search advertising is the ordered list of advertisements that appears when a user searches for something in an online search engine. By construction, these ads differ in prominence: ads higher up the list are more prominent than ads lower down the list. However, search ads also differ in prominence in another way: prominence of advertiser. This paper examines how these two types of prominence interact in determining the click-through rate (CTR) of these ads. Using individual-level click-stream...
