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作者：Campos-Mercade, Pol; Mengel, Friederike
作者单位：Lund University; University of Essex; Ruprecht Karls University Heidelberg
摘要：Models of statistical discrimination typically assume that employers make rational inference from (education) signals. However, there is a large amount of evidence showing that most people do not update their beliefs rationally. We use a model and two experiments to show that employers who are conservative, in the sense of signal neglect, discriminate more against disadvantaged groups than Bayesian employers. We find that such non-Bayesian statistical discrimination deters high-ability workers...
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作者：Baucum, Matt; Khojandi, Anahita; Vasudevan, Rama; Ramdhani, Ritesh
作者单位：State University System of Florida; Florida State University; University of Tennessee System; University of Tennessee Knoxville; United States Department of Energy (DOE); Oak Ridge National Laboratory; Center for Nanophase Materials Sciences; Northwell Health
摘要：Effective treatment of Parkinson's disease (PD) is a continual challenge for healthcare providers, and providers can benefit from leveraging emerging technologies to supplement traditional clinic care. We develop a data-driven reinforcement learning (RL) framework to optimize PD medication regimens through wearable sensors. We leverage a data set of n = 26 PD patients who wore wrist-mounted movement trackers for two separate six-day periods. Using these data, we first build and validate a simu...
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作者：Pei, Jun; Yan, Ping; Kumar, Subodha
作者单位：Hefei University of Technology; Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University
摘要：As the industrial Internet-of-things (IIoT) is becoming increasingly valuable, manufacturers are eager to establish IIoT-based platforms for preventative maintenance (PM). These platforms reposition the roles of manufacturers and reshape the patterns of the after-sales service market. Manufacturers can adopt either the competitive strategy by introducing improved after-sales services to compete with independent maintenance, repair, and operations firms (MROs) or the coopetitive strategy by sim...
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作者：Gao, Yuetao; Wu, Yue
作者单位：Xiamen University; Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh; Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh
摘要：Counterfeits are available across many marketplaces. In emerging markets, in particular, consumers often observe a mix of counterfeits and authentic products sold by retailers. It is difficult for some consumers to distinguish between the two types of products. From these consumers' perspective, the products can be considered as probabilistic goods, and we term retailers' strategies probabilistic selling of counterfeits. Retailers who sell counterfeits are subject to a penalty by regulation. W...
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作者：Alos-Ferrer, Carlos; Garagnani, Michele
作者单位：University of Zurich
摘要：Decisions in management and finance rely on information that often includes win lose feedback (e.g., gains and losses, success and failure). Simple reinforcement then suggests to blindly repeat choices if they led to success in the past and change them otherwise, which might conflict with Bayesian updating of beliefs. We use finite mixture models and hidden Markov models, adapted from machine learning, to uncover behavioral heterogeneity in the reliance on difference behavioral rules across an...
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作者：Zeng, Zhiyu; Dai, Hengchen; Zhang, Dennis J.; Zhang, Heng; Zhang, Renyu; Xu, Zhiwei; Shen, Zuo-Jun Max
作者单位：Tsinghua University; University of California System; University of California Los Angeles; Washington University (WUSTL); Arizona State University; Arizona State University-Tempe; Chinese University of Hong Kong; University of California System; University of California Berkeley; University of California System; University of California Berkeley
摘要：Content-sharing social network platforms rely heavily on user-generated content to attract users and advertisers, but they have limited authority over content provision. We develop an intervention that leverages social interactions between users to stimulate content production. We study social nudges, whereby users connected with a content provider on a platform encourage that provider to supply more content. We conducted a randomized field experiment (N = 993,676) on a video-sharing social ne...
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作者：Wang, Hongchang; Overby, Eric
作者单位：University of Texas System; University of Texas Dallas; University System of Georgia; Georgia Institute of Technology
摘要：Do political differences, which are becoming increasingly acute among Americans, inhibit market transactions? We study this by examining whether the perceived political distance between investors and borrowers in an online lending market affects whom investors choose to fund. Using two complementary empirical approaches (a gravity model and a difference-in-differences analysis), we find a nuanced effect: Investors from comparatively conservative states consider political distance when making l...
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作者：Cohen, Maxime C.; Desir, Antoine; Korula, Nitish; Sivan, Balasubramanian
作者单位：McGill University; INSEAD Business School; Alphabet Inc.; Google Incorporated; Alphabet Inc.; Google Incorporated
摘要：Buying display ad impressions via real-time auctions comes with significant allocation and price uncertainties. We design and analyze a contract that mitigates this uncertainty risk by providing guaranteed allocation and prices while maintaining the efficiency of buying in an auction. We study how risk aversion affects the desire for guarantees and how to price a guaranteed allocation. We propose to augment the traditional auction with a programmatic purchase option (which we call a Market-Mak...
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作者：Jouini, Elyes
作者单位：Universite PSL; Universite Paris-Dauphine; Centre National de la Recherche Scientifique (CNRS); Institut de Recherche pour le Developpement (IRD); Laboratoire dEconomie de Dauphine LEDa; Centre National de la Recherche Scientifique (CNRS); Universite PSL; Universite Paris-Dauphine
摘要：I develop a continuous-time general equilibrium model with a continuum of states of the world and a continuum of agents endowed with heterogeneous beliefs. The model permits to analyze the interactions between financial markets and production. There is a single firmthat faces convex adjustment costs andmaximizes its terminal value. Equivalently, the firm uses decreasing returns to scale risk-return technology. The model is tractable and matches many of the empirical regularities in aggregate o...
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作者：Ha, Albert Y.; Shang, Weixin; Wang, Yunjie
作者单位：Hong Kong University of Science & Technology; Lingnan University; Renmin University of China
摘要：We develop a game-theoretic model to study the incentive for competing manufacturers to share supplier audit information. Based on the audit information, each manufacturer decides whether to source from a common supplier who has uncertain responsibility violation risk or to switch to a backup supplier who has no responsibility violation risk but charges a higher price. When supplier responsibility violation occurs, some consumers boycott the manufacturers involved. Audit information allows a m...
