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作者:Diwas, K. C.; Staats, Bradley R.; Gino, Francesca
作者单位:Emory University; University of North Carolina; University of North Carolina Chapel Hill; Harvard University
摘要:Learning from past experience is central to an organization's adaptation and survival. A key dimension of prior experience is whether an outcome was successful or unsuccessful. Although empirical studies have investigated the effects of success and failure in organizational learning, to date, the phenomenon has received little attention at the individual level. Drawing on attribution theory in psychology, we investigate how individuals learn from their own past experiences with both failure an...
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作者:Yang, Yan; Goldhaber-Fiebert, Jeremy D.; Wein, Lawrence M.
作者单位:Stanford University; Stanford University; Stanford University; Stanford University
摘要:Because of the health and economic costs of childhood obesity, coupled with studies suggesting the benefits of comprehensive (dietary, physical activity, and behavioral counseling) intervention, the U. S. Preventive Services Task Force recently recommended childhood screening and intervention for obesity beginning at age 6. Using a longitudinal data set consisting of the body mass index of 3,164 children up to age 18 and another longitudinal data set containing the body mass index at ages 18 a...
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作者:August, Terrence; Niculescu, Marius Florin
作者单位:University of California System; University of California San Diego; University System of Georgia; Georgia Institute of Technology
摘要:Software producers are making greater use of customer error reporting to discover defects and improve the quality of their products. We study how software development differences among producers (e.g., varying levels of process maturity) and software class and functionality differences (e.g., operating system versus productivity software) affect how these producers coordinate software release timing and pricing to optimally harness error reporting contributions from users. In settings where pr...
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作者:Cen, Ling; Chan, Kalok; Dasgupta, Sudipto; Gao, Ning
作者单位:University of Toronto; University of Toronto; University Toronto Scarborough; Hong Kong University of Science & Technology; University of Manchester
摘要:Within industry, stock returns of larger firms lead those of smaller firms, suggesting an intraindustry information diffusion process. Most industry leaders, however, have business segments in other industries (henceforth, minor-segment industries), whereas most small firms are pure players operating in one industry only. If investors cannot filter out the irrelevant information from the leaders' minor segments, the pure players will be mispriced due to spurious cross-industry information diff...
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作者:Ghosh, Bikram; Galbreth, Michael R.
作者单位:University of South Carolina System; University of South Carolina Columbia
摘要:Firms can invest to disclose quality information about their products to consumers, but consumers are not always perfectly attentive to these disclosures. Indeed, technologies such as digital video recorders have increased the ease with which disclosures can be avoided by consumers. Although such inattention may result in a consumer missing information from one or more competing firms, consumers who have missed disclosures might decide to search for quality information to become fully informed...
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作者:Li, Yan; Yang, Liyan
作者单位:Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University; University of Toronto
摘要:This paper establishes dividend volatility as a fundamental risk metric that prices assets. We theoretically incorporate dividend volatility clustering into a model in which narrow-framing investors are loss averse over fluctuations in the value of their investments. Our model shows that dividend volatility positively predicts future asset returns, with the predictive power increasing with the forecasting horizon; our model also sheds light on a variety of other asset-pricing phenomena. We fur...
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作者:Lu, Yingda; Jerath, Kinshuk; Singh, Param Vir
作者单位:Rensselaer Polytechnic Institute; Carnegie Mellon University
摘要:We study the drivers of the emergence of opinion leaders in a networked community where users establish links to others, indicating their trust for the link receiver's opinion. This leads to the formation of a network, with high in-degree individuals being the opinion leaders. We use a dyad-level proportional hazard model with time-varying covariates to model the growth of this network. To estimate our model, we use Weighted Exogenous Sampling with Bayesian Inference, a methodology that we dev...
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作者:Hu, Xing; Caldentey, Rene; Vulcano, Gustavo
作者单位:University of Oregon; New York University
摘要:We propose a two-stage game-theoretic approach to study the operations of an airline alliance in which independent carriers, managing different reservation and information systems, can collaboratively market and operate codeshare and interline itineraries. In the first-stage game, airlines negotiate fixed proration rates to share the revenues generated by such itineraries. In the second-stage game, airlines operate independent inventory control systems to maximize their own expected revenues. ...
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作者:Gruber, Marc; Harhoff, Dietmar; Hoisl, Karin
作者单位:Swiss Federal Institutes of Technology Domain; Ecole Polytechnique Federale de Lausanne; University of Munich; Centre for Economic Policy Research - UK
摘要:Building on the seminal work of Thomas J. Allen, we contribute to the emerging microlevel theory of knowledge recombination by examining how individual-level characteristics of inventors affect the breadth of their technological recombinations. Our data set combines information from 30,550 European patents with matched survey data obtained from 1,880 inventors. The analysis supports the view that inventors with a scientific education are more likely to generate patents that span technological ...
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作者:Maio, Paulo
作者单位:Hanken School of Economics
摘要:This paper derives and tests an intertemporal capital asset pricing model (ICAPM) based on a conditional version of the Campbell-Vuolteenaho two-beta ICAPM (bad beta, good beta (BBGB)). The novel factor is a scaled cash-flow factor that results from the interaction between cash-flow news and a lagged state variable (market dividend yield or consumer price index inflation). The cross-sectional tests over 10 portfolios sorted on size, 10 portfolios sorted on book-to-market, and 10 portfolios sor...