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作者：Toubia, Olivier; Johnson, Eric; Evgeniou, Theodoros; Delquie, Philippe
作者单位：Columbia University; INSEAD Business School; George Washington University
摘要：We present a method that dynamically designs elicitation questions for estimating risk and time preference parameters. Typically these parameters are elicited by presenting decision makers with a series of static choices between alternatives, gambles, or delayed payments. The proposed method dynamically (i.e., adaptively) designs such choices to optimize the information provided by each choice, while leveraging the distribution of the parameters across decision makers (heterogeneity) and captu...
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作者：Cavagnaro, Daniel R.; Gonzalez, Richard; Myung, Jay I.; Pitt, Mark A.
作者单位：California State University System; California State University Fullerton; University of Michigan System; University of Michigan; University System of Ohio; Ohio State University
摘要：Collecting data to discriminate between models of risky choice requires careful selection of decision stimuli. Models of decision making aim to predict decisions across a wide range of possible stimuli, but practical limitations force experimenters to select only a handful of them for actual testing. Some stimuli are more diagnostic between models than others, so the choice of stimuli is critical. This paper provides the theoretical background and a methodological framework for adaptive select...
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作者：Goldreich, David; Halaburda, Hanna
作者单位：University of Toronto; Harvard University
摘要：Are large menus better than small menus? Recent literature argues that individuals' apparent preference for smaller menus can be explained by their behavioral biases or informational limitations. These explanations imply that absent behavioral or informational effects, larger menus would be objectively better. However, in an important economic context-401(k) pension plans we find that larger menus are objectively worse than smaller menus, as measured by the maximum Sharpe ratio achievable. We ...
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作者：Aksoy-Pierson, Margaret; Allon, Gad; Federgruen, Awi
作者单位：Dartmouth College; Northwestern University; Columbia University
摘要：In this paper, we postulate a general class of price competition models with mixed multinomial logit demand functions under affine cost functions. In these models, the market is partitioned into a finite set of market segments. We characterize the equilibrium behavior of this class of models in the case where each product in the market is sold by a separate, independent firm. We identify a simple and very broadly satisfied condition under which a pure Nash equilibrium exists and the set of Nas...
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作者：Hoogendoorn, Sander; Oosterbeek, Hessel; van Praag, Mirjam
作者单位：University of Amsterdam; Tinbergen Institute
摘要：This paper reports on a field experiment conducted to estimate the impact of the share of women in business teams on their performance. Teams consisting of undergraduate students in business studies start up a venture as part of their curriculum. We manipulated the gender composition of teams and assigned students randomly to teams, conditional on their gender. We find that teams with an equal gender mix perform better than male-dominated teams in terms of sales and profits. We explore various...
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作者：Tafti, Ali; Mithas, Sunil; Krishnan, M. S.
作者单位：University of Illinois System; University of Illinois Urbana-Champaign; University System of Maryland; University of Maryland College Park; University of Michigan System; University of Michigan
摘要：This study investigates the effect of information technology (IT) architecture flexibility on strategic alliance formation and firm value. We first examine the effect of three dimensions of IT architecture flexibility (open communication standards, cross-functional transparency, and modularity) on formation of three types of alliances (arm's-length, collaborative, and joint-venture alliances, respectively). Then, we examine how capabilities in IT flexibility can enhance the value derived from ...
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作者：Shon, John; Veliotis, Stanley
作者单位：Fordham University
摘要：We find that firms with insider sales executed under Rule 10b5-1 plans exhibit a higher likelihood of meeting or beating analysts' earnings expectations (MBE). This relation between MBE and plan sales is more pronounced for the plan sales of chief executive officers (CEOs) and chief financial officers (CEOs) and is nonexistent for other key insiders. The market reactions to firms that successfully meet or beat expectations are relatively positive compared with their peers that fail to do so. O...
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作者：Berger, Johannes; Harbring, Christine; Sliwka, Dirk
作者单位：University of Cologne; IZA Institute Labor Economics; Leibniz Association; Ifo Institut
摘要：A real-effort experiment is investigated in which supervisors have to rate the performance of individual workers who in turn receive a bonus payment based on these ratings. We compare a baseline treatment in which supervisors are not restricted in their rating behavior to a forced distribution system in which they have to assign differentiated grades. We find that productivity is significantly higher under a forced distribution by about 6% to 12%. However, the productivity effects are less cle...
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作者：Jia, Nan; Shi, Jing; Wang, Yongxiang
作者单位：University of Southern California; Jiangxi University of Finance & Economics; Australian National University; University of Southern California
摘要：Using novel transaction-level data on Chinese business groups, this study provides the first direct evidence of the coinsurance theory of business groups by investigating when different types of internal resources are transferred within a business group. We find that in Chinese business groups, a credit crunch experienced by the controlling shareholding firm (the controller) of a publicly listed firm increases the loan-based related party transactions (RPTs) including loan guarantees and inter...
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作者：Lehman, David W.; Hahn, Jungpil
作者单位：University of Virginia; National University of Singapore
摘要：This study examines how momentum shapes organizational risk taking. We define momentum as a sustained and systematic trajectory in performance over time, and we argue that such trends impact interpretations of current performance as well as expectations of future performance. Drawing on the variable focus of attention model, we posit that momentum therefore directs the focus of organizational attention between concerns of aspirations, survival, and slack. Our conceptual model accounts for mome...
