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作者：Mostagir, Mohamed; Siderius, James
作者单位：University of Michigan System; University of Michigan; Massachusetts Institute of Technology (MIT)
摘要：Misinformation has emerged as a major societal challenge in the wake of the 2016 U.S. elections, Brexit, and the COVID-19 pandemic. One of the most active areas of inquiry into misinformation examines how the cognitive sophistication of people impacts their ability to fall for misleading content. In this paper, we capture sophistication by studying how misinformation affects the two canonical models of the social learning literature: sophisticated (Bayesian) and naive (DeGroot) learning. We sh...
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作者：Giesecke, Kay; Liberali, Gui; Nazerzadeh, Hamid; Shanthikumar, J. George; Teo, Chung Piaw
作者单位：Stanford University; Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam; Uber Technologies, Inc.; Purdue University System; Purdue University; National University of Singapore
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作者：Kuiper, Alex; Lee, Robert H.
作者单位：University of Amsterdam
摘要：Appointment schedules, in essence, balance supply and demand and are often employed in settings where resources are scarce and thus a high utilization is realized (e.g., healthcare). Whereas most of the existing literature focuses on the single-server case, a framework is developed to study appointment scheduling in multiserver settings. Relying on phase-type approximations, general service-time distributions are modeled, which are fed into a recursive approach allowing evaluation and optimiza...
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作者：Agarwal, Sumit; Karapetyan, Artashes
作者单位：National University of Singapore; ESSEC Business School
摘要：Making the purchase price fully salient to consumers has been shown to affect demand and equilibrium prices in various markets. Using a setting where part of the home acquisition price is in the form of nonsalient debt, we show this can happen in housing-a market where a typical household makes its largest acquisition. A regulation that made the debt and the total price salient for homebuyers eliminated a large mispricing caused by consumers' inattention to the debt before the regulation. An a...
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作者：Mostagir, Mohamed; Ozdaglar, Asuman; Siderius, James
作者单位：University of Michigan System; University of Michigan; Massachusetts Institute of Technology (MIT)
摘要：We consider a social learning model where agents learn about an underlying state of the world from individual observations as well as from exchanging information with each other. A principal (e.g., a firm or a government) interferes with the learning process in order to manipulate the beliefs of the agents. By utilizing the same forces that give rise to the wisdom of the crowd phenomenon, the principal can get the agents to take an action that is not necessarily optimal for them but is in the ...
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作者：Duarte, Diogo; Prieto, Rodolfo; Rindisbacher, Marcel; Saporito, Yuri F.
作者单位：State University System of Florida; Florida International University; INSEAD Business School; Boston University; Getulio Vargas Foundation
摘要：We study default in a multifirm equilibrium setting with incomplete information. Defaults are consistent with the firm's balance sheet and aggregation. We show that the endogenous volatility and jump size of debt and equity generated by other firms' shocks vanish as the number of firms in the economy increases. As a result, credit spreads depend asymptotically only on the firms' own cash flow risk. Our vanishing contagion spread result calls into question recent findings based on production ec...
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作者：Friesen, Geoffrey C.; Jeutang, Noel Pavel; Unlu, Emre
作者单位：University of Nebraska System; University of Nebraska Lincoln; University of South Dakota
摘要：We find that managers are less likely to repurchase stocks when they lose money on past stock repurchases but find no robust evidence that past gains on repurchases influence future repurchasing activity. This asymmetric sensitivity is strongest for young CEOs and those with the shortest tenure. Also, future repurchases are more sensitive to past repurchase losses for CEOs whose previous lifetime experience with the stock market is unfavorable. The sensitivity of future repurchases to past los...
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作者：Altmann, Steffen; Traxler, Christian; Weinschenk, Philipp
作者单位：IZA Institute Labor Economics; Hertie School; University of Kaiserslautern
摘要：This paper presents the results of two natural field experiments at a dental clinic. Guided by a simple theoretical model, we exogenously vary deadlines and associated rewards for arranging checkup appointments. Our data show strong and systematic effects of deadlines on patients' behavior. Imposing deadlines induces patients to act earlier and at a persistently higher frequency than without a deadline. We further document that individuals systematically respond to deadlines even if these are ...
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作者：Chen, Xi; Simchi-Levi, David; Wang, Yining
作者单位：New York University; Massachusetts Institute of Technology (MIT); Massachusetts Institute of Technology (MIT); State University System of Florida; University of Florida
摘要：The prevalence of e-commerce has made customers' detailed personal information readily accessible to retailers, and this information has been widely used in pricing decisions. When using personalized information, the question of how to protect the privacy of such information becomes a critical issue in practice. In this paper, we consider a dynamic pricing problem over T time periods with an unknown demand function of posted price and personalized information. At each time t, the retailer obse...
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作者：Chow, Travis; Huang, Sterling; Klassen, Kenneth J.; Ng, Jeffrey
作者单位：University of Hong Kong; Singapore Management University; University of Waterloo; Hong Kong Polytechnic University
摘要：This study examines the effects of jurisdictions' corporate taxes and other policies on firms' headquarters (HQ) location decisions. Using changes in state corporate income tax rates across time and states as the setting, we find that a one-percentage-point increase in the HQ state corporate income tax rate increases the likelihood of firms relocating their HQ out of the state by 16.8%, and an equivalent decrease in the HQ state rate decreases the likelihood of HQ relocations by 9.1%. Exploiti...
