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作者：Federgruen, Awi; Liu, Zhe; Lu, Jiaqi
作者单位：Columbia University; Imperial College London; The Chinese University of Hong Kong, Shenzhen; The Chinese University of Hong Kong, Shenzhen
摘要：We study a two-stage newsvendor model where the initially uncertain mean demand is revealed midstream, allowing for a second, costlier order to be placed. The twostage process is relevant to many retailers who have access to two supply options: a longlead, low-cost option where orders need to be placed under much demand uncertainty, and a short-lead, high-cost option after a signal is revealed that updates the mean demand. We introduce a forecast evolution model that describes how the initial ...
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作者：Lee, Yeonjoo; Donohue, Karen
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; Arizona State University; Arizona State University-Tempe
摘要：Faster e-commerce fulfillment often comes at a cost to the environment because of energy-intensive transportation modes and more frequent, less consolidated last-mile deliveries. Despite these environmental implications, most retailers feel pressure to provide fast fulfillment to remain competitive. But what if consumers could be nudged to voluntarily choose green-but-slow shipping? In practice, a variety of information strategies are used to nudge such decisions, but it is unclear which strat...
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作者：Caro, Felipe; Colliard, Jean-Edouard; Katok, Elena; Ockenfels, Axel; Stier-Moses, Nicolas; Tucker, Catherine; Wu, D. J.
作者单位：University of California System; University of California Los Angeles; Hautes Etudes Commerciales (HEC) Paris; University of Cologne; University of Cologne; Max Planck Society; Massachusetts Institute of Technology (MIT); University System of Georgia; Georgia Institute of Technology
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作者：Caplin, Andrew; Deming, David; Li, Shangwen; Martin, Daniel; Marx, Philip; Weidmann, Ben; Ye, Kadachi Jiada
作者单位：New York University; Harvard University; University of California System; University of California Santa Barbara; Louisiana State University System; Louisiana State University
摘要：We use a controlled experiment to show that ability and belief calibration jointly determine the benefits of working with artificial intelligence (AI). AI improves performance more for people with low baseline ability. However, holding ability constant, AI assistance is more valuable for people who are calibrated, meaning they have accurate beliefs about their own ability. People who know they have low ability gain the most from working with AI. In a counterfactual analysis, we show that elimi...
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作者：Melzner, Johann; Bonezzi, Andrea; Meyvis, Tom
摘要：Consumers disclose personal information when they interact with connected technologies. The advent of voice technology has enabled consumers to interact with connected technologies not only through typing but also through speaking. The present research investigates whether consumers expect different levels of privacy for information they disclose via different communication modalities. The results of three studies suggest that consumers have more restrictive privacy expectations for informatio...
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作者：Harutyunyan, Mushegh; Koca, Esma
作者单位：Imperial College London
摘要：In player-versus-player video games, players' natural desire to win and avoid losing has created an opportunity for game developers to sell pay-to-win add-ons, digital items that give buyers a competitive advantage against other players. In this paper, we investigate the pricing and design of a pay-to-win add-on, its effect on the base game, and profit implications for the developer. When a large share of the players are less price sensitive and highly willing to buy the pay-to-win add-on, we ...
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作者：Bjerksund, Petter; Orpetveit, Andreas; Sjuve, Andre Watto; Orpetveita, Andreas
作者单位：Norwegian School of Economics (NHH)
摘要：Mutual funds known as closet indexers are marketed as active but actually operate as low-activity funds. Investors end up paying for full service but receiving only a part of it. Supervisory authorities around the world are considering ways to regulate these funds. In this context, we examine the impact of regulatory interventions by Scandinavian regulators. We compare the scrutinized Scandinavian funds with similar unaffected European funds. The findings suggest that the regulated Scandinavia...
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作者：Wu, Ziye; Zhong, Songfa
作者单位：National University of Singapore; Hong Kong University of Science & Technology
摘要：Understanding cultural differences in risk perception is critical in an increasingly uncertain world. Here we examine the relationship between the individualism-collectivism continuum and risk perception around the world using a data set from the Lloyd's Register Foundation World Risk Poll. The data set contains rich information of a representative sample of 150,000 participants from 142 countries, and investigates risk perception in terms of perceived likelihood and personal experiences for a...
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作者：Hu, Edwin; Murphy, Dermot
作者单位：University of Virginia; University of Illinois System; University of Illinois Chicago; University of Illinois Chicago Hospital
摘要：The closing auction is an increasingly important trade mechanism due to the rise of passive funds that require closing price execution. We study differences in auction mechanism design on NYSE and Nasdaq that may affect closing price efficiency. Unlike Nasdaq, NYSE allows late auction orders through its floor brokers, providing traders with more flexibility to mitigate or create large last-minute auction imbalances. Price changes in the closing auction are more likely to reverse on NYSE compar...
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作者：Agarwal, Sumit; Qian, Wenlan; Ren, Yuan; Tsai, Hsin-Tien; Yeung, Bernard
作者单位：National University of Singapore; Zhejiang University; Zhejiang University; National University of Singapore; Southern University of Science & Technology; National University of Singapore
摘要：We utilize the introduction of mobile payment technology by the largest bank in Singapore in 2017 to study how mobile payment technology reshapes economic activities and stimulates business creation. After the introduction, business-to-consumer industries witnessed 18.3% more business creation relative to business-to-business industries, with the effect driven by small firms and more pronounced among industries with higher cash handling costs. Underlying this pattern is consumers' strong adopt...
