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作者：Bolton, Gary; Greiner, Ben; Ockenfels, Axel
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; University of Texas System; University of Texas Dallas; University of New South Wales Sydney; University of Cologne
摘要：Reciprocity in feedback giving distorts the production and content of reputation information in a market, hampering trust and trade efficiency. Guided by feedback patterns observed on eBay and other platforms, we run laboratory experiments to investigate how reciprocity can be managed by changes in the way feedback information flows through the system, leading to more accurate reputation information, more trust, and more efficient trade. We discuss the implications for theory building and for ...
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作者：Ho, Teck-Hua; Su, Xuanming
作者单位：National University of Singapore; University of California System; University of California Berkeley; University of Pennsylvania
摘要：Backward induction is a widely accepted principle for predicting behavior in sequential games. In the classic example of the centipede game, however, players frequently violate this principle. An alternative is a dynamic level-k model, where players choose a rule from a rule hierarchy. The rule hierarchy is iteratively defined such that the level-k rule is a best response to the level-(k - 1) rule, and the level-infinity rule corresponds to backward induction. Players choose rules based on the...
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作者：Ben-Tal, Aharon; den Hertog, Dick; De Waegenaere, Anja; Melenberg, Bertrand; Rennen, Gijs
作者单位：Technion Israel Institute of Technology; Tilburg University; Tilburg University
摘要：In this paper we focus on robust linear optimization problems with uncertainty regions defined by phi-divergences (for example, chi-squared, Hellinger, Kullback-Leibler). We show how uncertainty regions based on phi-divergences arise in a natural way as confidence sets if the uncertain parameters contain elements of a probability vector. Such problems frequently occur in, for example, optimization problems in inventory control or finance that involve terms containing moments of random variable...
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作者：Campbell, Benjamin A.
作者单位：University System of Ohio; Ohio State University
摘要：Although previous studies have examined the rewards available to individuals inside entrepreneurial firms, entrepreneurial experience may provide rewards that are independent of the entrepreneurial context. Building on human capital theory, this study provides theoretical explanations for the effects of experience at a start-up on earnings across an individual's career and then examines these implications in the context of California's semiconductor industry Comparing the career trajectories o...
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作者：Chen, Li; Koek, A. Guerhan; Tong, Jordan D.
作者单位：Duke University; University of Wisconsin System; University of Wisconsin Madison
摘要：Does the payment scheme have an effect on inventory decisions in the newsvendor problem? Keeping the net profit structure constant, we examine three payment schemes that can be interpreted as the newsvendor's order being financed by the newsvendor herself (scheme 0), by the supplier through delayed order payment (scheme S), and by the customer through advanced revenue (scheme C). In a laboratory study, we find that inventory quantities exhibit a consistent decreasing pattern in the order of sc...
