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作者：Choo, Lawrence; Kaplan, Todd R.; Zultan, Ro'i
作者单位：Southwestern University of Finance & Economics - China; University of Exeter; University of Haifa; Ben-Gurion University of the Negev
摘要：Markets are increasingly used as information aggregation mechanisms to predict future events. If policymakers and managers use markets to guide policy and managerial decisions, interested parties may attempt to manipulate the market in order to influence decisions. We study experimentally the willingness of managers to base decisions on market information under the shadow of manipulation. We find that when there are manipulators in the market, managers under-utilize the information revealed in...
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作者：Nagaraj, Abhishek
作者单位：University of California System; University of California Berkeley
摘要：How does public data shape the relative performance of incumbents and entrants in the private sector? Using a simple theoretical framework, I argue that public data reduces investment uncertainty, facilitates the discovery of new market opportunities, and increases the relative market share of new entrants relative to incumbents. I shed light on these predictions by estimating the impact of public data from Landsat, a U.S. National Aeronautics and Space Administration satellite mapping program...
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作者：Golman, Russell; Loewenstein, George; Molnar, Andras; Saccardo, Silvia
作者单位：Carnegie Mellon University; University of Chicago
摘要：Management scientists recognize that decision making depends on the information people have but lack a unified behavioral theory of the demand for (and avoidance of) information. Drawing on an existing theoretical framework in which utility depends on beliefs and the attention paid to them, we develop and test a theory of the demand for information encompassing instrumental considerations, curiosity, and desire to direct attention to beliefs one feels good about. We decompose an individual's d...
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作者：Stouras, Konstantinos, I; Hutchison-Krupat, Jeremy; Chao, Raul O.
作者单位：University College Dublin; University of Cambridge; University of Virginia
摘要：Many firms use external contests to obtain solutions to their innovation challenges. A central managerial concern is how to screen the population for only the most capable people when the capability of the population is not known. If the manager sets the bar too high, then the contest could fail, leaving the firm to suffer the consequences. Alternatively, if the bar is set too low, then too many people enter, which leads to increased competition, a lack of effort, and diminished performance, a...
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作者：Thiemann, Petra
作者单位：Lund University
摘要：This paper studies the persistent effects of short-term peer exposure on long-run performance in a college setting. I exploit the random assignment of undergraduates to peer groups during a mandatory orientation week and track the students' performance over four years (until graduation). Assignment to orientation week groups with high levels of peer ability is associated with lower performance during the first year at college and a higher probability of early dropout. These adverse effects are...
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作者：Adjerid, Idris; Loewenstein, George; Purta, Rachael; Striegel, Aaron
作者单位：Virginia Polytechnic Institute & State University; Carnegie Mellon University; University of Notre Dame
摘要：Economic incentives are a promising approach for improving health behavior but have been limited by their short-lived benefits. In this manuscript, we examine whether coupling economic incentives with motivational tools provided by health wearables can address this limitation and drive longer-term changes in health behavior. We focus on gain-loss incentive schemes that offer both an economic reward for goal attainment and a penalty for failure to meet a goal. In an experiment conducted on indi...
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作者：Cole, Shawn; Iverson, Benjamin; Tufano, Peter
作者单位：Harvard University; National Bureau of Economic Research; Brigham Young University; University of Oxford
摘要：This paper studies the adoption and impact of prize-linked savings (PLS) accounts, which offer lottery-like payouts to individual account holders in lieu of interest. Using microlevel data from a bank in South Africa, we show that PLS is attractive to a broad group of individuals, with financially constrained individuals and those with no other deposit accounts particularly likely to participate. Individuals who choose to use PLS increase their total savings on average by 1% of annual income. ...
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作者：Mostagir, Mohamed; Siderius, James
作者单位：University of Michigan System; University of Michigan; Massachusetts Institute of Technology (MIT)
摘要：Misinformation has emerged as a major societal challenge in the wake of the 2016 U.S. elections, Brexit, and the COVID-19 pandemic. One of the most active areas of inquiry into misinformation examines how the cognitive sophistication of people impacts their ability to fall for misleading content. In this paper, we capture sophistication by studying how misinformation affects the two canonical models of the social learning literature: sophisticated (Bayesian) and naive (DeGroot) learning. We sh...
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作者：Giesecke, Kay; Liberali, Gui; Nazerzadeh, Hamid; Shanthikumar, J. George; Teo, Chung Piaw
作者单位：Stanford University; Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam; Uber Technologies, Inc.; Purdue University System; Purdue University; National University of Singapore
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作者：Kuiper, Alex; Lee, Robert H.
作者单位：University of Amsterdam
摘要：Appointment schedules, in essence, balance supply and demand and are often employed in settings where resources are scarce and thus a high utilization is realized (e.g., healthcare). Whereas most of the existing literature focuses on the single-server case, a framework is developed to study appointment scheduling in multiserver settings. Relying on phase-type approximations, general service-time distributions are modeled, which are fed into a recursive approach allowing evaluation and optimiza...
