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作者：Ho, Teck-Hua; Lim, Noah; Cui, Tony Haitao
作者单位：University of California System; University of California Berkeley; University of Wisconsin System; University of Wisconsin Madison; University of Minnesota System; University of Minnesota Twin Cities
摘要：We propose a behavioral theory to predict actual ordering behavior in multilocation inventory systems. The theory rests on a well-known stylized fact of human behavior: people's preferences are reference dependent. We incorporate reference dependence into the newsvendor framework by assuming that there are psychological costs of leftovers and stockouts. We also hypothesize that the psychological aversion to leftovers is greater than the disutility for stockouts. We then experimentally test the...
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作者：Wang, Xiaofang; Debo, Laurens G.; Scheller-Wolf, Alan; Smith, Stephen F.
作者单位：Renmin University of China; University of Chicago; Carnegie Mellon University; Carnegie Mellon University
摘要：In the health-care domain, diagnostic service centers provide advice to patients over the phone about what the most appropriate course of action is based on their symptoms. Managers of such centers must strike a balance between accuracy of advice, callers' waiting time, and staffing costs by setting the appropriate capacity (staffing) and service depth. We model this problem as a multiple-server queueing system, with the servers performing a sequential testing process and the customers decidin...
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作者：Nascimento, Juliana; Powell, Warren
作者单位：Princeton University
摘要：Fund managers have to decide the amount of a fund's assets that should be kept in cash, considering the trade-off between being able to meet shareholder redemptions and minimizing the opportunity cost from lost investment opportunities. In addition, they have to consider redemptions by individuals as well as institutional investors, the current performance of the stock market and interest rates, and the pattern of investments and redemptions that are correlated with market performance. We form...
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作者：Palomeras, Neus; Melero, Eduardo
作者单位：Universidad Carlos III de Madrid
摘要：Hiring away inventors has long been recognized as a way of learning used by innovative firms. This paper claims that the characteristics of the knowledge accumulated by an inventor at his current employer affect what hiring firms can learn from him. The implication is that some inventors are more likely to be hired away than their coworkers. We analyze the relationship between the type of knowledge embodied by inventors working at IBM and their probability of moving. Relying on patent data to ...
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作者：Bernasconi, Michele; Choirat, Christine; Seri, Raffaello
作者单位：Universita Ca Foscari Venezia; University of Navarra; University of Insubria
摘要：The analytic hierarchy process (AHP) is a decision-making procedure widely used in management for establishing priorities in multicriteria decision problems. Underlying the AHP is the theory of ratio-scale measures developed in psychophysics since the middle of the last century. It is, however, well known that classical ratio-scaling approaches have several problems. We reconsider the AHP in the light of the modern theory of measurement based on the so-called separable representations recently...
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作者：Leszczyc, Peter T. L. Popkowski; Rothkopf, Michael H.
作者单位：University of Alberta; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
摘要：Research on bidding in auctions has generally relied on the assumption of self-interested bidders. This work relaxes that assumption in the context of charity auctions. Because understanding charitable motives has important implications for auction design and charities' fundraising strategies, this study investigates bidders' specific types of charitable motives and the strength of these motives. We carry out three controlled field experiments consisting of real-life auctions conducted on a lo...
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作者：Li, Gang; Zhang, Chu
作者单位：Hong Kong Baptist University; Hong Kong University of Science & Technology
摘要：In this paper, we investigate the methodological issue of determining the number of state variables required for options pricing. After showing the inadequacy of the principal component analysis approach, which is commonly used in the literature, we adopt a nonparametric regression technique with nonlinear principal components extracted from the implied volatilities of various moneyness and maturities as proxies for the transformed state variables. The methodology is applied to the prices of S...
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作者：Hvide, Hans K.; Moen, Jarle
作者单位：University of Aberdeen; Norwegian School of Economics (NHH)
摘要：If entrepreneurs are liquidity constrained and not able to borrow to operate on an efficient scale, economic theory predicts that entrepreneurs with more personal wealth should do better than those with less wealth. We test this hypothesis using a novel data set covering a large panel of start-ups from Norway. Consistent with liquidity constraints, we find a positive relation between founder prior wealth and start-up size. The relationship between prior wealth and start-up performance, as meas...
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作者：Jung, J. H.; Schneider, Christoph; Valacich, Joseph
作者单位：Catholic University of Daegu; City University of Hong Kong; Washington State University
摘要：Increasing globalization has created tremendous opportunities and challenges for organizations and societies. Consequently, a broad range of information technologies to better support the collaboration of diverse, and increasingly distributed, sets of participants is ever more utilized. Arguably, the success of such technology-mediated collaboration is dependent upon the quality of each individual's contributions; however, although individuals' motivations to do their best could be significant...
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作者：Baucells, Manel; Sarin, Rakesh K.
作者单位：Pompeu Fabra University; University of California System; University of California Los Angeles
摘要：We introduce a modi. cation of the discounted utility model that accounts for both satiation and habit formation in intertemporal choice. Preferences depend on the satiation level and the habitual consumption level. These two state variables, together with the shape of the value function, drive the properties of the model. One unique feature of our model is that it addresses the trade-off between seeking variety and maintaining acquired habits. We examine several properties of our model, such ...
