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作者：Raveendran, Marlo; Puranam, Phanish; Warglien, Massimo
作者单位：University of California System; University of California Riverside; INSEAD Business School; Universita Ca Foscari Venezia
摘要：When we engage in the process of division of labor, there are typically multiple alternatives, but insufficient knowledge to choose among them. Under such conditions, we propose that not all alternatives are equally likely to be pursued. In particular, when we engage in the process of division of labor for novel and nonrepetitive production, we argue that we display a tendency to perceive and select object-based task partitions over activity-based partitions. We experimentally investigate how ...
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作者：Bassamboo, Achal; Randhawa, Ramandeep Singh
作者单位：Northwestern University; University of Southern California
摘要：Customer impatience has become an integral component of analyzing services, especially in the context of call centers. Typically, when customers arrive to such systems, they seem identical or homogeneous; however, from the system's perspective, as they wait in the queue, their residual willingness to wait changes. For instance, a customer who has already waited for 10 minutes may have a different residual willingness to wait compared with a customer who has only waited for 1 minute. In this ma...
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作者：Babenko, Ilona; Sen, Rik
作者单位：Arizona State University; Arizona State University-Tempe; Hong Kong University of Science & Technology; University of Miami
摘要：Using novel data on employee stock purchase plans (ESPPs), we show that aggregate purchases of company stock by lower-level employees predict future stock returns. Firms in the top quartile of ESPP purchases outperform those in the bottom quartile by 10% in the year after purchase. The relation between ESPP purchases and future stock returns is stronger for firms with high information asymmetry. Furthermore, we find that high ESPP purchases are associated with a lower likelihood of breaks in s...
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作者：Aaltonen, Aleksi; Seiler, Stephan
作者单位：University of Warwick; Stanford University
摘要：Open content production platforms typically allow users to gradually create content and react to previous contributions. Using detailed edit-level data across a large number of Wikipedia articles, we investigate how past edits shape current editing activity. We find that cumulative past contributions, embodied by the current article length, lead to significantly more editing activity, while controlling for a host of factors such as popularity of the topic and platform-level growth trends. The ...
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作者：Berger, Andre; Gross, James; Harks, Tobias; Tenbusch, Simon
作者单位：Maastricht University; Royal Institute of Technology; University of Augsburg
摘要：Resource assignment problems occur in a vast variety of applications, from scheduling problems over image recognition to communication networks. Often these problems can be modeled by a maximum weight matching problem in (bipartite) graphs or generalizations thereof, and efficient and practical algorithms are known for these problems. Although in some of the applications an assignment of the resources may be needed only once, in many of these applications, the assignment has to be computed mor...
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作者：Wang, Jing; Cole, Catherine A.
作者单位：University of Iowa
摘要：To better understand two large consumer segments, the boomers and the echo-boomers, we examine whether and why experts and novices from these two segments rely on attribute versus benefit information in product evaluations. In four studies, we show that expertise affects younger consumers, such that younger novices evaluate products more favorably when the descriptions feature benefit information, whereas younger experts evaluate products more favorably when the descriptions feature attribute ...
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作者：Kan, Raymond; Robotti, Cesare
作者单位：University of Toronto; Imperial College London
摘要：Under the assumption of multivariate normality of asset returns, this paper presents a geometric interpretation and the finite-sample distributions of the sample Hansen-Jagannathan bounds on the variance of admissible stochastic discount factors, with and without the nonnegativity constraint on the stochastic discount factors. In addition, since the sample Hansen-Jagannathan bounds can be very volatile, we propose a simple method to construct confidence intervals for the population Hansen-Jaga...
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作者：Armantier, Olivier; Treich, Nicolas
作者单位：Federal Reserve System - USA; Federal Reserve Bank - New York; INRAE; Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics
摘要：We report on two experiments challenging the common assumption that events with objective probabilities constitute a unique source of uncertainty. We find that, similar to the domain of ambiguity, the domain of risk is rich in the sense that behavior is systematically different when subjects face risky bets based on simple or more complex events. Furthermore, we find a tight association between attitudes toward complex risky bets and attitudes toward both ambiguity and compound lotteries. Thes...
