-
作者：Gudmundsson, Jens; Hougaard, Jens Leth; Sethuraman, Jay
作者单位：University of Copenhagen; Columbia University
摘要：Interconnected agents such as firms in a supply chain make simultaneous preparatory investments to increase chances of honoring their respective bilateral agreements. Failures cascade with lasting repercussions further down the chain. How losses are shared affects how agents invest to avoid the losses in the first place. In this way, a solution sets agent liabilities depending on the point of disruption and induces a supermodular investment game. We characterize all efficient solutions. These ...
-
作者：Beer, Ruth; Qi, Anyan; Rios, Ignacio
作者单位：City University of New York (CUNY) System; Baruch College (CUNY); University of Texas System; University of Texas Dallas
摘要：We study the behavioral effects of process automation on human workers interacting with automated tasks. We introduce a stylized normative model with two workers who complete their tasks sequentially, working toward a joint project to obtain a fixed payment plus a variable bonus that depends on how early the project is completed. The normative model prescribes that, if workers are fully rational, they will complete their tasks as soon as possible if the early completion bonus is high enough. H...
-
作者：Knight, Benjamin; Mitrofanov, Dmitry
作者单位：Boston College
摘要：This article may be used only for the purposes of research, teaching, and/or private study. Commercial use or systematic downloading (by robots or other automatic processes) is prohibited without explicit Publisher approval, unless otherwise noted. For more information, contact permissions@informs.org. The Publisher does not warrant or guarantee the article's accuracy, completeness, merchantability, fitness inclusion of an advertisement in this article, neither constitutes nor implies a guaran...
-
作者：Aoki, Kosuke; Michaelides, Alexander; Nikolov, Kalin; Zhang, Yuxin
作者单位：University of Tokyo; Imperial College London; European Central Bank; University of Nottingham Ningbo China
摘要：We estimate a structural, nominal, life-cycle portfolio choice model with exogenous housing tenure and use shopping costs to generate money demand. Homeowners (renters) with negative (positive) net bond positions react differently to changing inflation risks. The correlation between real bond and real stock returns emerges as the strongest inflation risk quantitatively and generates large increases in stock market demand for homeowners in a 1970s counterfactual. Higher expected inflation encou...
-
作者：Singh, Manasvini; Zureich, Jacob
作者单位：Carnegie Mellon University; Lehigh University
摘要：We use clinical data on more than 240,000 surgeries and quasi-experimental methods to examine how physicians respond to the surprise release of a performance report card. Such feedback interventions are commonly used to encourage physicians to improve performance yet show limited evidence of success. Our results show that these limited effects mask heterogeneous behavioral responses to feedback valence. In particular, physicians improve more from positive feedback than from negative feedback, ...
-
作者：Eccles, Robert G.; Ioannou, Ioannis; Serafeim, George
作者单位：University of Oxford; University of London; London Business School; Harvard University
-
作者：Su, Haozhe; Tretyakov, M., V; Newton, David P.
作者单位：University of Nottingham; Nottingham Trent University; University of Nottingham; University of Bath
摘要：Transition probability density functions (TPDFs) are fundamental to computational finance, including option pricing and hedging. Advancing recent work in deep learning, we develop novel neural TPDF generators through solving backward Kolmogorov equations in parametric space for cumulative probability functions. The generators are ultra-fast, very accurate and can be trained for any asset model described by stochastic differential equations. These are single solve, so they do not require retrai...
-
作者：Yenkey, Chris; Palmer, Donald
作者单位：University of South Carolina System; University of South Carolina Columbia; University of California System; University of California Davis
摘要：We explore the career consequences experienced by professional cyclists implicated in performance-enhancing drug use as well the spillover effects experienced by their teammates and managers using a data set that observes members of all teams from 2000 to 2011. Our data captures publicly known doping implications that range from informal suspicions published in the media to formal convictions by antidoping and law enforcement authorities. Our unique setting, characterized by expectations of wi...
-
作者：Berinsky, Adam J.; Halpern, Daniel; Halpern, Joseph Y.; Jadbabaie, Ali; Mossel, Elchanan; Procaccia, Ariel D.; Revel, Manon
作者单位：Massachusetts Institute of Technology (MIT); Harvard University; Cornell University; Massachusetts Institute of Technology (MIT); Massachusetts Institute of Technology (MIT)
摘要：The dynamics of random transitive delegations on a graph are of particular interest when viewed through the lens of an emerging voting paradigm: liquid democracy. This paradigm allows voters to choose between directly voting and transitively delegating their votes to other voters so that those selected cast a vote weighted by the number of delegations that they received. In the epistemic setting, where voters decide on a binary issue for which there is a ground truth, previous work showed that...
-
作者：Yaraghi, Niam; Ramesh, Ramaswamy; Tayi, Giri Kumar
作者单位：University of Miami; Brookings Institution; State University of New York (SUNY) System; University at Buffalo, SUNY; State University of New York (SUNY) System; University at Albany, SUNY
摘要：A critical governance challenge for on-demand digital platforms is to increase the participation of their service providers. In this research, we design novel incentive structures by taking the unique features of on-demand digital platforms into account. In 12 micro randomized trials conducted in partnership with a major on-demand digital platform, we examine how combining monetary with nonmonetary incentives and providing them within a loss-aversion framework could motivate service providers ...
