3期

最新文章

• Learning to Successfully Hire in Online Labor Markets AI翻译
  作者：Kokkodis, Marios; Ransbothama, Sam
  作者单位：Boston College
  摘要：Hiring in online labor markets involves considerable uncertainty: which hiring choices are more likely to yield successful outcomes and how do employers adjust their hiring behaviors to make such choices? We argue that employers will initially explore the value of available information. When employers observe successful outcomes, they will keep reinforcing their hiring strategies; but when the outcomes are unsuccessful, employers will adjust their hiring behaviors. To investigate these dynamic...
• The Worst-First Heuristic: How Decision Makers Manage Conjunctive Risk AI翻译
  作者：Lewis, Joshua; Feiler, Daniel; Adner, Ron
  作者单位：New York University; Dartmouth College
  摘要：Many important managerial outcomes hinge on the co-occurrence of multiple uncertain events, a situation termed conjunctive risk. Whereas past literature has addressed the psychology of choosing to enter situations with conjunctive risk, this article elucidates a novel way in which the psychology of managing conjunctive risk is importantly distinct. We examine a case in which there are two independent events, one is currently less likely than the other, both are required for overall success, an...
• Nudging Timely Wage Reporting: Field Experimental Evidence from the US Supplemental Security Income Program AI翻译
  作者：Zhang, Yiwei; Hemmeter, Jeffrey; Kessler, Judd B.; Metcalfe, Robert D.; Weathersf, Robert
  作者单位：University of Wisconsin System; University of Wisconsin Madison; University of Pennsylvania; National Bureau of Economic Research; University of Southern California
  摘要：We study a large-scale (n = 50,000) natural field experiment implemented by the U.S. Social Security Administration aimed at increasing the timely and accurate self-reporting of wages by Supplemental Security Income (SSI) recipients. A letter reminding SSI recipients of their wage reporting responsibilities significantly increased both the likelihood of reporting any earnings and the total earnings reported. However, the specific letter content-providing social information or highlighting the ...
• The Mnemonomics of Contractual Screening AI翻译
  作者：Guo, Liang
  作者单位：Chinese University of Hong Kong
  摘要：In many markets, buyers sign advance contracts before actual decisions on transactions or consumptions are made. Therefore, a buyer may have private information on expected payoff at the contracting stage, and as time moves on, new information on other components of payoff may arrive. However, prior information can be losable, forgettable, or unattended. In this paper, we investigate how limited memory may influence the optimal design of contracts for sequential screening. Despite memory loss,...
• Choosing Competition on Behalf of Someone Else AI翻译
  作者：Fornwagner, Helena; Pompeo, Monika; Serdarevic, Nina
  作者单位：University of Regensburg; University of Exeter; University of Bologna
  摘要：We extend the existing literature on gender differences in competitive behavior by investigating tournament entry choices when a principal decides for an agent. In a laboratory experiment, we randomly assign subjects the role of either principal or agent. The principal decides whether the agent performs a real-effort task under piece-rate or tournament incentives. When deciding, the principal is informed about the agent's previous performance, age, and residency. Between treatments, we vary wh...
• Implied Volatility Changes and Corporate Bond Returns AI翻译
  作者：Cao, Jie; Goyal, Amit; Xiao, Xiao; Zhand, Xintong
  作者单位：Hong Kong Polytechnic University; Swiss Finance Institute (SFI); City St Georges, University of London; Fudan University
  摘要：Corporate bonds with large increases in implied volatility over the past month underperform those with large decreases in implied volatility by 0.6% per month. In contrast to existing studies that show implied volatility changes carry information about fundamental news, our evidence suggests that implied volatility changes contain information about uncertainty shocks to the firm. Our results are consistent with the notion that informed traders with new information about firm risk prefer to tra...
• Lender Trust and Bank Loan Contracts AI翻译
  作者：Hagendorff, Jens; Lim, Sonya; Nguyenc, Duc Duy
  作者单位：University of London; King's College London; DePaul University; Durham University
  摘要：We examine the contractual implications of a lender's trust for corporate loans. We measure how trusting a lender is using the average trust attitude in the chief executive officer's ancestral country of origin. We find that banks with trusting CEOs charge lower interest rates in U.S. syndicated loans. This effect is identified within existing lender-borrower relationships and similar types of loans. Further analyses indicate that trust reduces the cost of credit by boosting the perceived cred...
• The Growth of Information Asymmetry Between Earnings Announcements and Its Implications for Reporting Frequency AI翻译
  作者：Stoumbos, Robert
  作者单位：Columbia University
  摘要：I demonstrate that, on average, information asymmetry grows between earnings announcements and falls right after each new earnings announcement. I estimate that percent effective spreads typically grow 3.1% over the course of the inter-announcement period. I demonstrate that this inter-announcement growth in information asymmetry occurs gradually throughout the entire inter-announcement period and not just right before each new earnings announcement. This inter-announcement growth has implicat...
• Impact of Traceability Technology Adoption in Food Supply Chain Networks AI翻译
  作者：Dong, Lingxiu; Jiang, Puping Phil; Xu, Fasheng
  作者单位：Washington University (WUSTL); Shanghai Jiao Tong University; Syracuse University
  摘要：Improving traceability in food supply chains has been a big part of ongoing effort to reduce contamination risks and food waste. Recent technology advancement such as blockchain technology has propelled innovative retailers to promote food traceability system adoption in their supply chains. We develop a three-tier supply chain model with multiple upstream (tier 2) suppliers to investigate how traceability technology adoption affects incentives of supply chain members and whether and how its a...
• An Asymptotically Tight Learning Algorithm for Mobile-Promotion Platforms AI翻译
  作者：Feng, Zhichao; Dawande, Milind; Janakiraman, Ganesh; Qib, Anyan
  作者单位：Hong Kong Polytechnic University; University of Texas System; University of Texas Dallas
  摘要：Operating under both supply-side and demand-side uncertainties, a mobile-promotion platform conducts advertising campaigns for individual advertisers. Campaigns arrive dynamically over time, which is divided into seasons; each campaign requires the platform to deliver a target number of mobile impressions from a desired set of locations over a desired time interval. The platform fulfills these campaigns by procuring impressions from publishers, who supply advertising space on apps via real-tim...