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作者：Guo, Liang
作者单位：Chinese University of Hong Kong
摘要：Choices can be context dependent. This empirical finding is usually invoked to suggest that preferences are constructive and susceptible to decision environment. Yet preference construction can be systematic and endogenous. This paper develops the theory of contextual deliberation as a potential explanation for behavioral phenomena of preference construction. When preference ordering in a choice set is ex ante unknown and state dependent, decision makers can engage in information acquisition a...
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作者：Kremer, Mirko; Debo, Laurens
作者单位：Frankfurt School Finance & Management; Dartmouth College
摘要：We study the impact of wait time on consumers' purchasing behavior when product quality is unknown to some consumers (the uninformed consumers) but known to others (the informed consumers). In a capacitated environment, wait times act as a signal of quality for uninformed consumers because, due to informed consumers in the population, low (high) quality products tend to generate shorter (longer) wait times. Hence, longer wait times may increase uninformed consumers' perceived quality, and they...
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作者：Shamir, Noam; Shin, Hyoduk
作者单位：Tel Aviv University; University of California System; University of California San Diego
摘要：Studying the operational motivation of a retailer to publicly announce his forecast information, this paper shows that by making forecast information publicly available to both his manufacturer and to the competitor, a retailer is able to credibly share his forecast information-an outcome that cannot be achieved by merely exchanging information within the supply chain. We model a market comprised of an incumbent supply chain facing the possible entry of a competing supply chain. In each supply...
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作者：Van Wesep, Edward D.
作者单位：University of Colorado System; University of Colorado Boulder
摘要：Policy makers and managers often turn to experts when in need of information, but we should expect experts to be systematically biased. This is because the decision to research a question implies a belief that research will be fruitful. If priors about the impact of one's work are correct on average, then those who choose to research a question are optimistic about the quality of their work. The bias varies predictably with attributes of the question being studied. This fact has implications f...
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作者：Brandts, Jordi; Cooper, David J.; Fatas, Enrique; Qi, Shi
作者单位：Consejo Superior de Investigaciones Cientificas (CSIC); CSIC - Institut d'Analisi Economica (IAE); State University System of Florida; Florida State University; University of East Anglia; University of East Anglia
摘要：We present experiments studying how high-ability individuals use help to foster efficient coordination. After an initial phase that traps groups in a low-productivity equilibrium, incentives to coordinate are increased, making it possible to escape this performance trap. The design varies whether high-ability individuals can offer help and, if so, whether they must commit to help for an extended period. If help is chosen on a round-by-round basis, the probability of escaping the performance tr...
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作者：Koudstaal, Martin; Sloof, Randolph; van Praag, Mirjam
作者单位：University of Amsterdam; Tinbergen Institute; Copenhagen Business School; IZA Institute Labor Economics
摘要：Theory predicts that entrepreneurs have distinct attitudes toward risk and uncertainty, but empirical evidence is mixed. To better understand the unique behavioral characteristics of entrepreneurs and the causes of these mixed results, we perform a large lab-in-the-field experiment comparing entrepreneurs to managers (a suitable comparison group) and employees (n = 2,288). The results indicate that entrepreneurs perceive themselves as less risk averse than managers and employees, in line with ...
