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作者：Chen, Zeyang; Liu, Yu-Jane; Meng, Juanjuan; Wang, Zeng
作者单位：Renmin University of China; Peking University
摘要：Facial information is essential in daily life, but relatively little is known about whether seeing a face improves people's decision quality. This experimental paper studies the loan-approval decisions based on the historical cash-loan data with real repayment outcomes and exogenously varies whether and how a borrower's facial information is provided. We find that facial information does not improve subjects' decisions, despite the fact that it can predict repayment behavior in a machine-learn...
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作者：Dogan, Battal; Yildiz, Kemal
作者单位：University of Bristol; Ihsan Dogramaci Bilkent University
摘要：A choice rule with affirmative action decides on the recipients of a limited number of identical objects by reconciling two objectives: respecting a priority ordering over the applicants and supporting a minority group. We extend the standard formulation of a choice problem by incorporating a type function and a priority ordering and introduce monotonicity axioms on how a choice rule should respond to variations in these parameters. We show that monotonic and substitutable affirmative action r...
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作者：Moon, Ken; Bergemann, Patrick; Brown, Daniel; Chen, Andrew; Chu, James; Eisen, Ellen A.; Fischer, Gregory M.; Loyalka, Prashant; Rho, Sungmin; Cohen, Joshua
作者单位：University of Pennsylvania; University of California System; University of California Irvine; Apple Inc; Columbia University; University of California System; University of California Berkeley; Boston Consulting Group (BCG); Apple Inc
摘要：To maximize productivity, manufacturers must organize and equip their workforces to efficiently handle variable workloads. Their success depends on their ability to assign experienced and skilled workers to specialized tasks and coordinate work on production lines. Worker turnover may disrupt such efforts. We use staffing, productivity, and pay data from within a major consumer electronics manufacturer's supply chain to study how firms should manage worker turnover and its effects using produc...
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作者：Lin, Chen-An; Shang, Kevin; Sun, Peng
作者单位：Duke University
摘要：This paper studies a pricing problem for a single-server queue where customers arrive according to a Poisson process. For each arriving customer, the service provider announces a price rate and system wait time. In response, the customer decides whether to join the queue, and, if so, the duration of the service time. The objective is to maximize either the long-run average revenue or social welfare. We formulate this problem as a continuous-time control model whose optimality conditions involv...
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作者：dehaan, Ed; de Kok, Ties; Matsumoto, Dawn; Rodriguez-Vazquez, Edgar
作者单位：University of Washington; University of Washington Seattle; City University of New York (CUNY) System; Baruch College (CUNY)
摘要：The timely flow of financial information is critical for efficient capital market functioning, yet we have little understanding of firms' and auditors' collective abilities to maintain timely financial reporting when under duress. We use COVID as a stress test case to examine whether reporting systems can withstand systemic increases in complex economic events and coordination challenges. Despite COVID-related challenges persisting through 2020 and beyond, we document surprisingly modest avera...
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作者：Manthei, Kathrin; Sliwka, Dirk; Vogelsang, Timo
作者单位：University of Cologne; Frankfurt School Finance & Management
摘要：We investigate the causal effect of performance pay and conversations about performance in 224 stores of a retail chain implementing a field experiment with a 2x2 factorial design. In the performance pay treatments, managers receive a bonus, which is a simple linear function of the profits achieved above a threshold value. In the performance review treatments, managers have to report their activities undertaken to increase profits in regular meetings. We find that whereas performance pay did n...
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作者：Bichler, Martin; Milgrom, Paul; Schwarza, Gregor
作者单位：Technical University of Munich; Stanford University
摘要：Combinatorial auctions have found widespread application for allocating multiple items in the presence of complex bidder preferences. The enumerative exclusive OR (XOR) bid language is the de facto standard bid language for spectrum auctions and other applications, despite the difficulties, in larger auctions, of enumerating all the relevant packages or solving the resulting NP-hard winner determination problem. We introduce the flexible use and efficient licensing (FUEL) bid language, which w...
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作者：Guo, Joyce; Recalde, Maria P.
作者单位：University of Melbourne
摘要：To shed light on the factors that affect who speaks up in teams in the workplace, we study willingness to speak up after someone has raised an opinion. We call voicing disagreement overriding and study this behavior in a laboratory experiment where participants answer multiple choice questions in pairs. In a control treatment, participants interact anonymously. In a photo treatment, both participants see the photo of the person they are matched with at the beginning of the group task. Using a ...
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作者：Ovtchinnikov, Alexei V.; Valta, Philip
作者单位：Hautes Etudes Commerciales (HEC) Paris; University of Bern
摘要：Candidate self-funding, in particular self-loans, is a significant source of funding of political campaigns. Self-funding clusters among nonincumbent campaigns, republican campaigns, and more expensive campaigns. Self-funded campaigns raise less money from individuals and special interests and also spend less. Self-funders are wealthier on average and run in more competitive elections. The analysis of self-funders' legislative decisions shows that self-funders' votes, especially those of repub...
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作者：Jain, Sanjay; Chen, Haipeng (Allan)
作者单位：University of Texas System; University of Texas Dallas; University of Kentucky
摘要：It is generally acknowledged that sunk cost bias leads to suboptimal decisions, such as escalation of commitment. Some researchers, however, suggest that sunk cost bias can be beneficial when consumers have self-control problems. In this paper we explore the case when consumers with sunk cost bias have time-inconsistent preferences and, therefore, suffer from self-control problems. We experimentally demonstrate that sunk costs can make subjects better off by inducing higher effort. We then dev...
